RMB

Purchase consideration:

Cash

91,126,055

Fair value of 9,360,000 ordinary shares

76,868,663

167,994,718

Recognized amounts of identifiable assets acquired and liabilities assumed:

Cash

36,785,802

Prepaid expenses and other current assets

26,333,563

Long-term investments

157,850

Property and equipment, net

8,505,683

Intangible assets

Trademark

79,000,000

Non-compete arrangements

56,000,000

Order backlogs

4,000,000

Other non-current assets 

881,926

Right-of-use assets

32,089,416

Deferred revenues

(163,400,000)

Short-term loan

(13,991,000)

Lease liabilities-current

(18,728,346)

Deferred income tax liabilities

(45,659,880)

Accrued expense and other payables

(14,326,672)

Lease liabilities-non-current

(13,361,070)

Total identifiable assets acquired and liabilities assumed

(25,712,728)

Fair value of non-redeemable non-controlling interests in Huanqiuyimeng

(6,771,349)

Goodwill

200,478,795