As part of the new platform, E-House expects to form a strategic cooperation with CITIC Bank Corporation Limited ("CITIC"), pursuant to which CITIC and the Company will jointly introduce Leju Loan, an innovative financial product that aims to provide added liquidity and improve the overall purchasing power of home buyers. Qualified home buyers who purchase real estate through the Leju real estate e-commerce platform can obtain a line of credit from CITIC by pledging their existing properties as collateral. The line of credit can be used to satisfy a variety of consumption needs such as home improvement, vehicle purchases and vacations. The Company expects to have a formal signing ceremony for the cooperation in the near future. Mr. Xin Zhou, co-chairman and CEO of E-House said, "As a leader in the real estate services industry, E-House is committed to continuous innovation.