Document:

EX-4.8

 Exhibit 4.8 

Equity Interest Purchase Agreement 
 This
Agreement is executed on September 30, 2016 by and among: 
 The Sellers: 

Qin Zhi (hereinafter referred to as “Party A”), ID No.: ******************; 

Fan Zheng (hereinafter referred to as “Party B”), ID No.: ******************; and 

The Buyers: 
 Lu Min (“Lu Min”), ID No.:
******************; 
 Lei Haiyun (“Lei Haiyun”), ID No.: ******************. 

(Lu Min and Lei Haiyun are hereinafter referred to as “Party C” collectively) 

The Target Company: Beijing Shengtuo Hongyuan Information Technology Co., Ltd. (hereinafter referred to as “Party D”), universal social
credit code: 91110108563619210K. 
 The registered capital of Party D is RMB 10,000,000. Party A contributed RMB 5,000,000, accounting
for 50% of the total and Party B contributed RMB 5,000,000, accounting 50% of the total. In accordance with the applicable laws and regulations, the Parties hereby enter into this Agreement as below through friendly
consultation: 
 Clause 1 Equity Interests to be Sold And The Sale Price 
  

	 	1.1	Party A shall sell 50% equity interests he held in Party D to Lu Min at the price of RMB 5,000,000, and Party B shall sell 50% equity interests he held in Party D to Lei Haiyun at the price of RMB
5,000,000. 

  

	 	1.2	Other rights and obligations pertaining to the said equity interests shall be transferred together with such equity interests. 

  

	 	1.3	After the sale of equity interests as contemplated hereunder is consummated and the relevant procedures for change are properly handled with the competent administration for industry and commerce, Party C shall pay the
share sale price respectively to Party A and Party B. It is acknowledged by the Parties, Party C shall have the right to offset the debts owed to it by Party A and Party B against the share sale price due by it to Party A and Party B hereunder, or
make payment hereunder according to the method of payment as agreed by the Parties through consultation at that time. 

 Clause 2 Undertakings and Warranties 

Party A and Party B warrant that, the equity interests to be sold to Party C under Clause 1 hereof are lawfully owned by them, and they have the lawful right
to dispose of such equity interests. Except for the pledge created under the equity interest pledge agreements respectively entered into by Party A and Party B with Beijing Chezhiying Technology Co., Ltd., there are no pledges or other securities or
third-party’s claims over the equity interests to be sold by Party A and Party B hereunder. 
 Clause 3 Liabilities for Breach of the Agreement 

If any party fails to perform or materially breaches any provisions contained herein, he or she shall indemnify the
non-breaching parties for any losses caused thereby, and, except as otherwise agreed in this Agreement, the non-breaching parties may terminate this Agreement and claim
against the breaching party. 
 Clause 4 Dispute Resolution 

This Agreement shall be governed by and construed in accordance with the applicable laws of the People’s Republic of China. 

Any dispute arising out of or in connection with this Agreement shall be resolved by the Parties through amicable consultation, failing which, a lawsuit may
be brought with the competent court having jurisdiction. 
 Clause 5 Miscellaneous 
  

	5.1	This Agreement shall be executed in six originals, of which each party keeps one, and the remaining shall be filed with the competent administration for industry and commerce. All copies have the same
legal effects. 

  

	5.2	This Agreement shall become effective immediately after it is sealed (in case of a corporate body) or signed (in case of a natural person) by each party. 

(The remainder of this page is intentionally left blank) 

					
	
Party A (signature):	  	 /s/ Qin Zhi
	  	
			
	Party B (signature):	  	 /s/ Fan Zheng
	  	

 Party C: 
  

							
	Lu Min (signature):	 		  	Lei Haiyun (signature):	  	
				
	 /s/ Lu Min
	 		  	 /s/ Lei Haiyun
	  	

 Party D: Beijing Shengtuo Hongyuan Information Technology Co., Ltd. (seal) 

Date: September 30, 2016EX-4.9

 Exhibit 4.9 

Debt Transfer and Offset Agreement 
 This
Agreement is executed on March 25, 2017 by and among: 
 The Creditor: Beijing Cheerbright Technology Co., Ltd. (hereinafter
referred to as “Cheerbright”) 
 The Transferors: 

Li Xiang (“Li Xiang”), ID No.: ******************; 

Fan Zheng (“Fan Zheng”), ID No.: ******************; 

Qin Zhi (“Qin Zhi”), ID No.: ******************; and 

The Transferees: 
 Lu Min (“Lu Min”), ID No.:
******************; 
 Lei Haiyun (“Lei Haiyun”), ID No.: ******************. 

Whereas, 
  

	(1)	Cheerbright and Li Xiang executed a loan agreement dated June 7, 2011 in respect of the loan of RMB 6,120,000 extended by Cheerbright to Li Xiang, among other things; Cheerbright and Fan Zheng executed a loan
agreement dated June 7, 2011 in respect of the loan of RMB 2,160,000 extended by Cheerbright to Fan Zheng, among other things; Cheerbright and Qin Zhi executed a loan agreement dated June 7, 2011 in respect of the loan of RMB 720,000
extended by Cheerbright to Qin Zhi, among other things; 

  

	(2)	Li Xiang, Fan Zheng and Qin Zhi intend to transfer to Lu Min and Lei Haiyun, and Lu Min and Lei Haiyun agree to accept, all debts and all of their rights and obligations under the said loan agreements as described in
above (1); 

  

	(3)	The registered capital of Beijing Autohome Information Technology Co., Ltd. (hereinafter referred to as “the Target Company”) is RMB 10,000,000, of which Li Xiang contributed RMB 6,800,000,
accounting for 68% of the total; Fan Zheng contributed RMB 2,400,000, accounting 24% of the total; and Qin Zhi contributed RMB 800,000, accounting for 8% of the total. On March 25, 2017, Li Xiang, Fan Zheng
and Qin Zhi executed an equity interest purchase agreement with Lu Min and Lei Haiyun in respect of sale of 100% equity interests in the Target Company (hereinafter referred to as “Equity Interest Purchase Agreement”). Lu Min and Lei
Haiyun purchase the 100% equity interests in the Target Company according to the directive of Cheerbright. Pursuant to the provisions of the Equity Interest Purchase Agreement, Lu Min and Lei Haiyun shall pay to Li Xiang, Fan Zheng and Qin Zhi
respectively the equity interest sale prices that have not been paid yet. Li Xiang, Fan Zheng and Qin Zhi intend to offset the said equity interest sale prices against the debts owed by them to Lu Min and Lei Haiyun hereunder according to the
following provisions; and 

	(4)	Any currency as referred to herein shall mean RMB, except as otherwise specified. 

 NOW THEREFORE, in
accordance with applicable laws and regulations and through amicable consultation, the Parties hereby enter into this Agreement as below: 
 Clause 1
Transfer of Debts 
  

	1.1	Li Xiang agrees to transfer to Lu Min, and Lu Min agrees to accept, the debt of RMB 3,060,000 owed by Li Xiang to Cheerbright, and Li Xiang agrees to transfer to Lei Haiyun, and Lei Haiyun agrees to accept, the
debt of RMB 3,060,000 owed by Li Xiang to Cheerbright; Fan Zheng agrees to transfer to Lu Min, and Lu Min agrees to accept, the debt of RMB 1,080,000 owed by Fan Zheng to Cheerbright, and Fan Zheng agrees to transfer to Lei Haiyun, and
Lei Haiyun agrees to accept, the debt of RMB 1,080,000 owed by Fan Zheng to Cheerbright; Qin Zhi agrees to transfer to Lu Min, and Lu Min agrees to accept, the debt of RMB 360,000 owed by Qin Zhi to Cheerbright, and Qin Zhi agrees to
transfer to Lei Haiyun, and Lei Haiyun agrees to accept, the debt of RMB 360,000 owed by Qin Zhi to Cheerbright. 

After the consummation of the transfer of the said debts, Li Xiang shall owe the debt of RMB 3,060,000 and RMB 3,060,000
respectively to Lu Min and Lei Haiyun, Fan Zheng shall owe the debt of RMB 1,080,000 and RMB 1,080,000 respectively to Lu Min and Lei Haiyun, and Qin Zhi shall owe the debt of RMB 360,000 and RMB 360,000 respectively to
Lu Min and Lei Haiyun. 
  

	1.2	Cheerbright acknowledges and agrees to the said transfer of debts, and is willing to extend the loan of RMB 500,000 respectively to Lu Min and Lei Haiyun. 

 

	1.3	After the consummation of the transfer of the said debts, Li Xiang, Fan Zheng and Qin Zhi shall no longer owe any debt to Cheerbright; Lu Min shall owe the debt of RMB 5,000,000 in total to Cheerbright, and Lei Haiyun
shall owe the debt of RMB 5,000,000 in total to Cheerbright. 

 Clause 2 Transfer of Rights and Obligations 

 

	2.1	In addition to the transfer of debts under Clause 1 hereof, Li Xiang agrees to transfer to Lu Min and Lei Haiyun, and Lu Min and Lei Haiyun agree to accept, all rights and obligations of Li Xiang under the relevant loan
agreement; Fan Zheng agrees to transfer to Lu Min and Lei Haiyun, and Lu Min and Lei Haiyun agree to accept, all rights and obligations of Fan Zheng under the relevant loan agreement; Qin Zhi agrees to transfer to Lu Min and Lei Haiyun, and Lu Min
and Lei Haiyun agree to accept, all rights and obligations of Qin Zhi under the relevant loan agreement. 

	2.2	Cheerbright acknowledges and agrees to the said transfer of rights and obligations. 

  

	2.3	Cheerbright, Lu Min and Lei Haiyun agree to novate the relevant loan agreements, so as to define Cheerbright’s claims against Lu Min and Lei Haiyun and relevant rights and obligations. 

Clause 3 Offset of Debts 
  

	3.1	Pursuant to the provisions of the Equity Interest Purchase Agreement, Lu Min and Lei Haiyun shall respectively pay to Li Xiang the equity interest sale prices of RMB 3,400,000; Lu Min and Lei Haiyun shall
respectively pay to Fan Zheng the equity interest sale prices of RMB 1,200,000; Lu Min and Lei Haiyun shall respectively pay to Qin Zhi the equity interest sale prices of RMB 400,000. All of the said equity interest sale prices have
not been paid. 

  

	3.2	It is acknowledged and agreed by Li Xiang, Fan Zheng and Qin Zhi that, the debts owed by Li Xiang, Fan Zheng and Qin Zhi respectively to Lu Min and Lei Haiyun shall be offset in part against the equity interest sale
prices payable by Lu Min and Lei Haiyun respectively to Li Xiang, Fan Zheng and Qin Zhi under the Equity Interest Purchase Agreement. 

  

	3.3	After the said offset of debts in part, Lu Min shall pay the equity interest sale price of RMB 340,000 to Li Xiang, RMB 120,000 to Fan Zheng, and RMB 40,000 to Qin Zhi; Lei Haiyun shall pay the equity interest sale
price of RMB 340,000 to Li Xiang, RMB 120,000 to Fan Zheng, and RMB 40,000 to Qin Zhi. It is agreed by the Parties, within 10 business days after the procedures for registration of change in equity interests in respect of the equity interest sale
under the Equity Interest Purchase Agreement are properly handled with the competent administration for industry and commerce, Cheerbright shall, for the account of Lu Min, pay the equity interest sale price of RMB 340,000 to Li Xiang, RMB 120,000
to Fan Zheng, and RMB 40,000 to Qin Zhi, and, for the account of Lei Haiyun, pay the equity interest sale price of RMB 340,000 to Li Xiang, RMB 120,000 to Fan Zheng, and RMB 40,000 to Qin Zhi. 

 

	3.4	It is acknowledged by the Parties, the equity interest sale prices under the Equity Interest Purchase Agreement shall be the amounts net of tax. Any taxes or levies (if any) imposed with respect to the equity interest
sale shall be borne by Cheerbright, instead of the sellers of the equity interests. Cheerbright shall be responsible for communicating with the competent taxation authorities and paying the relevant taxes as requested by taxation authorities, and
shall assist the sellers of equity interests to obtain the receipts of tax payment. 

 Clause 4 Liabilities for Breach of Contract 

If any party fails to perform or materially breaches any provision contained herein, he or she shall indemnify the
non-breaching parties for any loss caused thereby, and, except as otherwise agreed in this Agreement, the non-breaching parties may terminate this Agreement and claim
against the breaching party. 

 Clause 5 Dispute Resolution 

This Agreement shall be governed by and construed in accordance with the applicable laws of the People’s Republic of China. 

Any dispute arising out of or in connection with this Agreement shall be resolved by the Parties through amicable consultation, failing which, a lawsuit may
be brought with the competent court having jurisdiction. 
 Clause 6 Miscellaneous 
  

	6.1	This Agreement shall be executed in seven originals, of which each party and the Target Company shall keep one respectively. 

 

	6.2	This Agreement shall become effective immediately after it is sealed (in case of a corporate body) or signed (in case of a natural person) by each party. 

(The remainder of this page is intentionally left blank) 

 Beijing Cheerbright Technology Co., Ltd. (seal): 

Li Xiang (signature): 
  

							
	 /s/ Li Xiang    
	  		  		  	
				
	Qin Zhi (signature):	  		  	Fan Zheng (signature):	  	
				
	 /s/ Qin Zhi
	  		  	 /s/ Fan Zheng
	  	
				
	Lu Min (signature):	  		  	Lei Haiyun (signature):	  	
				
	 /s/ Lu Min
	  		  	 /s/ Lei Haiyun
	  	

 Date: March 25, 2017

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