Kassirer Asset Management’s Jumei International Holding Limited American depositary shares, each representing ten Class A ordina JMEI Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-30,000	Closed	-$64K	–	73
2017 Q2	$64K	Sell	30,000 -30,000	-50%	-$64K	0.05%	82
2017 Q1	$221K	Hold	60,000	–	–	0.15%	64
2016 Q4	$301K	Hold	60,000	–	–	0.22%	63
2016 Q3	$351K	Sell	60,000 -30,000	-33%	-$176K	0.25%	53
2016 Q2	$372K	Buy	90,000 +50,000	+125%	+$207K	0.18%	73
2016 Q1	$260K	Buy	+40,000	New	+$260K	0.23%	77