Legal

Terms of Use Thanks for your interest in our Website at www.lfcapital.com.cn. Your use of this Website, including the content, materials and information available on or through this Website (together, the "Materials"), is governed by these Terms of Use (these "Terms"). By using this Website, you acknowledge that you have read and agree to these Terms.

Who We Are This Website is maintained and operated by Beijing LF Capital Management Limited, which provides administrative and other services to various LF Capital entities. In accordance with industry custom, this Website occasionally uses terminology that may be interpreted to suggest that our firm is actually a single entity. However, there is no such single entity and all of the entities that comprise our firm have their own separate legal existence.

Materials ALL MATERIALS ARE PROVIDED "AS IS," MAY NOT BE RELIED UPON FOR ANY PURPOSE, AND ARE NOT SUBJECT TO EXPRESS OR IMPLIED WARRANTIES OF ANY KIND. In particular, we make no representations or warranties with regard to the Materials' accuracy, completeness, non-infringement or fitness for a particular purpose. You should be aware that a significant portion of the Materials include or consist of information that has been provided by third parties and has not been validated or verified by us. In connection with our investment activities, we often become subject to a variety of confidentiality obligations to funds, investors, portfolio companies and other third parties. Any statements we make may be affected by those confidentiality obligations, with the result that we may be prohibited from making full disclosures. Without limitation on the effect of other warnings and disclaimers set forth in these Terms, you should interpret any statements we make (on this Website or otherwise) in that context. Please ensure that your own computer security is comprehensive and up to date. We accept no responsibility for viruses, malware or other malicious or damaging software contained in the Materials or otherwise.

Third-Party Sites We accept no responsibility for third-party sites available through this Website, via hyperlink or otherwise. You are encouraged to review the terms of use applicable to those sites. Any access to, or use of, a third-party site is solely at your own risk.

Password Protected Areas Certain Materials may be made available through a password protected area on this Website. Each password is intended to be confidential and used only by the individual or entity to whom it is issued. Do not disclose your password to any unauthorized person. If you access Materials through a password protected area, please note that the written agreements between you and the applicable LF Capital entities, as well as any provisions set forth in those Materials, govern the parties' respective rights and obligations with regard to those Materials.

No Offer, Solicitation or Advice Except to as otherwise specified by a LF Capital entity in writing, nothing on this Website is intended to constitute (i) an offer, or solicitation of an offer, to purchase or sell any security, other asset or service, (ii) investment advice or an offer to provide such advice, or (iii) a basis for making any investment decision. Except as expressly stated by a LF Capital entity in writing, neither this Website nor any of the Materials make any effort to present a comprehensive or balanced description of LF Capital or its investment activities.

Restrictions on Use We reserve all rights with respect to the design and content of this Website. In particular, you must not misappropriate the design or content of this Website and you must not alter or deface such design or content in any way. Nor shall anyone destroy this Website or use any of the information in this Website to commit unlawful acts.

Ownership of Trademarks, Etc. All text, photos, graphics, logos, content and other Materials on this Website are protected by China copyright, trademark and other applicable laws. In particular, all trademarks, trade names and logos displayed on this Website are proprietary to LF Capital, its affiliates or their respective owners, and this Website grants no license to them.

Privacy Policy We reserve the right to track visitors to, and usage of, this Website through "cookies" and similar techniques and to use any resulting information as we determine in our sole discretion.

Limitation of Liability Except as specifically agreed by a LF Capital entity in writing, NO LF CAPITAL INDIVIDUAL OR ENTITY SHALL HAVE ANY LIABILITY BASED UPON YOUR USE OF, OR RELIANCE UPON, THIS WEBSITE OR THE MATERIALS. Some jurisdictions limit our ability to disclaim liability. With regard to those jurisdictions, our liability shall be limited to the greatest extent permitted by applicable law.

Modification of these Terms We reserve the right to modify these Terms at any time. Please check these Terms periodically for changes. Your continued use of this Website after the posting of changes constitutes your binding acceptance of such changes.

Contact Information Any questions, concerns or complaints regarding these Terms should be sent to lf@lfcapital.com.cn .@lfcapital.com.cn

Effective Date: January 1st, 2015