Immediately before

completion of

the Concurrent Tencent

Repurchase

and the Tencent Notes

Subscription

Immediately after

completion of

the Concurrent Tencent

Repurchase

and the Tencent Notes

Subscription,

assuming no conversion

of the Notes

Immediately after

completion of

the Concurrent Tencent

Repurchase and

the Tencent Notes

Subscription and

Rule 8A.15

Adjustment resulting from

the cancellation of

Repurchased

Shares under

the Concurrent Tencent

Repurchase,

assuming no conversion

of the Notes

Immediately after

completion of

the Concurrent Tencent

Repurchase and

the Tencent

Notes Subscription,

Rule 8A.15 Adjustment

resulting from

the cancellation of

Repurchased

Shares under

the Concurrent

Tencent

Repurchase and

the full conversion of the Notes at

the initial Conversion Price

Number

and class
of
Shares⁽¹⁾⁽²⁾

Approx.

% of

beneficial
ownership⁽¹⁾

Approx.

% of

voting
power⁽¹⁾

Number

and class
of
Shares⁽³⁾⁽⁴⁾

Approx.

% of

beneficial
ownership⁽⁴⁾

Approx.

% of

voting
power⁽⁴⁾

Number

and class
of
Shares⁽³⁾⁽⁵⁾

Approx.

% of

beneficial
ownership⁽⁴⁾⁽⁵⁾

Approx.

% of

voting

power⁽⁴⁾⁽⁵⁾

Number

and class
of
Shares⁽³⁾⁽⁵⁾

Approx.

% of

beneficial
ownership⁽⁴⁾⁽⁵⁾

Approx.

% of

voting

power⁽⁴⁾⁽⁵⁾

Shareholders

Mr. Rui Chen (including his associates)⁽⁶⁾

Ms. Ni Li (including her associates)⁽⁶⁾

Mr. Yi Xu (including his associates)⁽⁶⁾

Holder(s) of the Conversion Shares (other than Tencent)

Immediately before

completion of

the Concurrent Tencent

Repurchase

and the Tencent Notes

Subscription

Immediately after

completion of

the Concurrent Tencent

Repurchase

and the Tencent Notes

Subscription,

assuming no conversion

of the Notes

Immediately after

completion of

the Concurrent Tencent

Repurchase and

the Tencent Notes

Subscription and

Rule 8A.15

Adjustment resulting from

the cancellation of

Repurchased

Shares under

the Concurrent Tencent

Repurchase,

assuming no conversion

of the Notes

Immediately after

completion of

the Concurrent Tencent

Repurchase and

the Tencent

Notes Subscription,

Rule 8A.15 Adjustment

resulting from

the cancellation of

Repurchased

Shares under

the Concurrent

Tencent

Repurchase and

the full conversion of the Notes at

the initial Conversion Price

Number

and class of
Shares⁽¹⁾⁽²⁾

Approx.

% of

beneficial
ownership⁽¹⁾

Approx.

% of

voting
power⁽¹⁾

Number

and class of
Shares⁽³⁾⁽⁴⁾

Approx.

% of

beneficial
ownership⁽⁴⁾

Approx.

% of

voting
power⁽⁴⁾

Number

and class of
Shares⁽³⁾⁽⁵⁾

Approx.

% of

beneficial
ownership⁽⁴⁾⁽⁵⁾

Approx.

% of

voting

power⁽⁴⁾⁽⁵⁾

Number

and class of
Shares⁽³⁾⁽⁵⁾

Approx.

% of

beneficial
ownership⁽⁴⁾⁽⁵⁾

Approx.

% of

voting

power⁽⁴⁾⁽⁵⁾

Tencent (including its subsidiaries)

Other Shareholders

Repurchased Shares⁽¹⁾

Total (excluding treasury shares)

Assuming there is no other change in the shareholding structure of the Company since the Shares Record Date. As at the date of this announcement, (i) the Repurchased Shares from the Concurrent Delta Repurchase were pending cancellation; and (ii) the Rule 8A.15 Adjustment to result from the cancellation of the Repurchased Shares from the Concurrent Delta Repurchase also remained pending. But for illustrative purposes, the shareholding structure immediately before completion of the Concurrent Tencent Repurchase and the Tencent Notes Subscription has assumed that both of the aforementioned events have been completed.

On the basis of note (1) above, the calculation is based on the total number of 413,339,206 Shares issued and outstanding (comprising 78,410,889 Class Y Ordinary Shares and 334,928,317 Class Z Ordinary Shares), assuming both the cancellation of the Repurchased Shares from the Concurrent Delta Repurchase and the Rule 8A.15 Adjustment to result from the cancellation of the Repurchased Shares from the Concurrent Delta Repurchase have been completed and without taking into account the Bulk Issuance Shares.

Including Class Z Ordinary Shares underlying ADSs where applicable.

Assuming there is no change in the total number of Shares issued and outstanding from the Shares Record Date (which has assumed that (i) the Repurchased Shares from the Concurrent Delta Repurchase have been cancelled and (ii) the Rule 8A.15 Adjustment to result from the cancellation of the Repurchased Shares from the Concurrent Delta Repurchase has been completed) to the date immediately after the completion of the Concurrent Tencent Repurchase and the Tencent Notes Subscription.

Upon the completion of the Concurrent Tencent Repurchase, since the reduction in the number of issued and outstanding Shares would result in an increase in the proportion of the Company’s Shares that carry weighted voting rights (Class Y Ordinary Shares), the WVR Beneficiaries will reduce their total weighted voting rights in the Company proportionately (through conversion of a proportion of their shareholding with those rights into shares without those rights) pursuant to Rule 8A.15 of the Listing Rules. For illustrative purposes, assuming the WVR Beneficiaries will convert a total of 2,578,245 Class Y Ordinary Shares to Class Z Ordinary Shares for the Rule 8A.15 Adjustment, on a pro rata basis, following completion of the Concurrent Tencent Repurchase, and assuming there is no other change in the total number of Shares issued and outstanding from the Shares Record Date to the date immediately after the completion of the Concurrent Tencent Repurchase and the completion of the full conversion of the Notes at the initial Conversion Price.

The WVR Beneficiaries are not related. Mr. Rui Chen has served as chairman of the board of directors and chief executive officer of the Company since November 2014. Ms. Ni Li has served as the Company’s chief operating officer since November 2014 and vice chairwoman of the Company’s board of directors since January 2015. Mr. Yi Xu founded the Company’s website in 2009 (which culminated in the commencement of the Group’s commercial operations in 2011 and the founding of the Company in 2013) and has served as the Company’s director and president since December 2013.

2,900,000 Class Z Ordinary Shares out of Mr. Yi Xu’s shareholding are subject to a prepaid variable share forward transaction with a stock lending arrangement, so that he is not entitled to exercise the voting rights attached to those shares while retaining the economic ownership of those shares.