 JMU Limited the Company Nasdaq: MFH today announced that the Company has entered into a share purchase agreement with Beijing Kuali Yitong Technology Co., Ltd. Beijing Kuali Yitong, its affiliated offshore holding company, NBpay Investment Limited NBpay, together with Beijing Kuali Yitong, NBpay Group, and Mr. Kaiming Hu, an independent third party owning NBpay Group. Pursuant to the agreement, the Company will issue 761,789,601 ordinary shares to Mr. Kaiming Hu in exchange for the entire ownership in NBpay and the control over the NBpay Group. This transaction is subject to customary closing conditions. After the closing, Mr. Kaiming Hu will hold approximately 26.5 of the issued and outstanding ordinary shares of the Company. 