Letter of Undertakings

Exhibit 4.39

Letter of Undertakings

Xxx Ou Xxxx, Tianjin Xxxxx Information and Technology Co., Ltd. (“Tianjin Xxxxx”) and Chengdu Li’ao Culture Communication Co., Ltd. (“Xxxxxxx Xx’xx”) entered into an EQUITY PLEDGE AGREEMENT on July 1, 2016. According to the agreement, Xxx Ou Xxxx pledged all of his equity interests in Chengdu Li’ao to Tianjin Xxxxx and undertake to waive his right to receive any form of dividends with respect to such equity interests throughout the valid term of the Equity Pledge.

Xxx Ou Xxxx
Signature:	/s/ Xxx Ou Xxxx
July 1, 2016