Pine River Capital Management’s Leju Holdings Limited American Depositary Shares, each representing ten (10) Ordinary Shares LEJU Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-1,870	Closed	-$156K	–	743
2015 Q2	$156K	Buy	+1,870	New	+$156K	﹤0.01%	620
2015 Q1	–	Sell	-10,487	Closed	-$1.13M	–	723
2014 Q4	$1.13M	Buy	+10,487	New	+$1.13M	0.01%	388