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  <!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0; margin-bottom: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNITED
  STATES</B><BR>
  <B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Washington,
  D.C. 20549</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;<B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>FORM S-8</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>REGISTRATION STATEMENT</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>UNDER</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>THE SECURITIES ACT OF 1933&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHINA
  COMMERCIAL CREDIT, INC.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Exact
  name of registrant as specified in charter)</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Delaware</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State
  or jurisdiction of incorporation or organization)</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>45-4077653
  </B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(I.R.S.
  Employer Identification No.)</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>NO.
  890, YONGKANG ROAD</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>WUJIANG
  DISTRICTSUZHOU, </I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>JIANGSU
  PROVINCE F4 215200 </I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>86-0512
  6396-0022</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>(Address
  including zip code, and telephone number of</I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>registrant&rsquo;s
  principal executive offices)</I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2014
  EQUITY INCENTIVE PLAN</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Full
  title of the plan)</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>National
  Registered Agents, Inc.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>160
  Green Dr STE 101</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Dover
  DE 19904</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(<I>Name,
  address, including zip code, and</I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>telephone
  number of Agent for Service</I>)</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>with
  copies to:</I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Joan
  Wu, Esq.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>Hunter Taubman Fischer&amp;
  Li, LLC</B></P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1450
  Broadway, 26<SUP>th</SUP> Floor</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>New
  York, NY 10018</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Tel.
  No: 212-530-2208 Fax No: 212-202-6380</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Approximate
  date of proposed sale to the public:</B>&nbsp;As soon as practicable after this registration statement becomes effective.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
  the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please
  check the following box.&nbsp;&#9744;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;If
  any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
  the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check
  the following box.&nbsp;&#9746;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
  this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please
  check the following box and list the Securities Act registration statement number of the earlier effective registration statement
  for the same offering.&nbsp;&#9744;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
  this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list
  the Securities Act registrations statement number of the earlier effective registration statement for the same offering.&nbsp;&#9744;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
  delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box.&nbsp;&#9744;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CALCULATION OF REGISTRATION FEE</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>Title of each class</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>of securities</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>to be registered</B></FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>Amount to be</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>registered <SUP>(1)</SUP></B></FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>Proposed</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>maximum</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>offering price</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>per share <SUP>(2)</SUP></B></FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>Proposed</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>maximum</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>aggregate</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>offering</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>price</B></FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>Amount of</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><B>registration fee</B></FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="width: 48%; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">Common Stock, par value $0.001 per share</FONT></TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD>
      <TD NOWRAP STYLE="width: 18%; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">1,500,000 shares</FONT></TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD>
      <TD STYLE="width: 1%; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">$</FONT></TD>
      <TD STYLE="width: 8%; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">1.61</FONT></TD>
      <TD STYLE="width: 1%; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%"><SUP>(1)</SUP></FONT></TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD>
      <TD STYLE="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">$</FONT></TD>
      <TD STYLE="width: 8%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">2,415,000</FONT></TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD>
      <TD STYLE="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">$</FONT></TD>
      <TD STYLE="width: 8%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">279.90</FONT></TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
      <TD STYLE="padding-left: 10pt; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">TOTAL</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">1,500,000 shares</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 4.5pt double; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">$</FONT></TD>
      <TD STYLE="border-bottom: black 4.5pt double; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">2,415,000</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 4.5pt double; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">$</FONT></TD>
      <TD STYLE="border-bottom: black 4.5pt double; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; line-height: 115%">279.90</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  </TABLE>
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><SUP>(1)</SUP>&nbsp; Pursuant to Rules
  416(a) and (b) under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), this registration statement shall
  also cover any additional shares of the Registrant&rsquo;s common stock that becomes issuable under the 2014 Equity Incentive Plan
  as set forth herein by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without
  receipt of consideration that increases the number of outstanding shares of the Registrant&rsquo;s common stock.</P>
  
  
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><SUP>(2) </SUP>Estimated solely for
  purposes of calculating the registration fee in accordance with Rule 457 under the Securities Act based on the average of high
  and low prices of the Company&rsquo;s Common Stock on November 18, 2016, a date within five (5) business days prior to the date
  of filing this registration statement, as reported by the Nasdaq Capital Market (&ldquo;<B>Nasdaq</B>&rdquo;).</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Explanatory
  Note</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Registration
  Statement (the &ldquo;<B>Registration Statement</B>&rdquo;) on Form S-8 of&nbsp;China Commercial Credit, Inc.&nbsp;(the &ldquo;<B>Company</B>&rdquo;)
  has been prepared in accordance with the requirements of Form S-8 under the Securities Act to register up to 1,500,000 shares of
  our Common Stock, par value $0.001 per share (the &ldquo;<B>Common stock</B>&rdquo;) to be issued under our 2014 Equity Incentive
  Plan (the <B>&ldquo;2014 Incentive Plan&rdquo;</B>) to our affiliate, employees, directors, consultants and advisors.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Registration
  Statement contains two parts. The first part of this Registration Statement contains Section 10(a) prospectuses as well as a reoffer
  prospectus prepared in accordance with the requirements of Part I of Form S-3 (in accordance with the General Instruction C to
  Form S-8) which covers reoffers and resale of &ldquo;control securities&rdquo; (as such term is defined in General Instruction
  C to Form S-8) of the Company. The reoffer prospectus relates to the resale of up to 1,314,250 shares of Common Stock issued under&nbsp;the
  Company&rsquo;s 2014 Incentive Plan to various selling stockholders.</P>
  
  
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  second part of this Registration Statement contains information required pursuant to Part II of Form S-8 and will be used for
  offers of Common stock that may be issued in connection with the 2014 Incentive Plan.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PART
  I</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INFORMATION
  REQUIRED IN THE SECTION 10(a) PROSPECTUS</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  information specified in Item 1 and Item 2 of Part I of this Registration Statement on Form S-8 is omitted from this filing in
  accordance with the provisions of Rule 428 under the Securities Act and the introductory note to Part I of the Registration Statement
  on Form S-8. The documents containing the information specified in Part I will be delivered to the participants in the Plan covered
  by this Registration Statement as required by Rule 428(b) (1).</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  reoffer prospectus referred to in the explanatory note follows this page.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CHINA COMMERCIAL CREDIT, INC.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REOFFER PROSPECTUS</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B> 1,314,250 SHARES OF COMMON
  STOCK</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ACQUIRED BY THE SELLING STOCKHOLDERS</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNDER THE CHINA COMMERCIAL CREDIT,
  INC.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>2014 EQUITY INCENTIVE PLAN</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">This Prospectus
  relates to shares of Common Stock, par value $0.001 per share (the &ldquo;<B>Common stock</B>&rdquo;), of China Commercial Credit,
  Inc., a Delaware company (the &ldquo;Company&rdquo;), which may be offered and sold from time to time by certain stockholders
  of the Company (the &ldquo;Selling Stockholders&rdquo;) who have acquired or will acquire such shares pursuant to stock awards
  issuable under Company&rsquo;s 2014 Equity Incentive Plan (the &ldquo;2014 Incentive Plan&rdquo;).&nbsp;The Common stock offered
  hereby may be sold from time to time by the Selling Stockholders or by their pledgees, donees, transferees or other successors
  in interest. Such sales may be made in the public market or otherwise at prices and at terms then prevailing or at prices related
  to the then current market price, or in negotiated transactions. We will not receive any proceeds from sales made under this reoffer
  prospectus. The Selling Stockholders will bear all sales commissions and similar expenses. Any other expenses in connection with
  the registration and offering and not borne by the Selling Stockholders will be borne by us.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  Common stock are listed on Nasdaq Capital Market under the symbol &ldquo;CCCR.&rdquo; On November 18, 2016, the closing price
  per share of our Common Stock was $1.52.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  principal executive offices are located at No. 1688, Yunli Road, Tongli, Wujiang, Jiangsu Province People&rsquo;s Republic of
  China.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Investing
  in our securities being offered pursuant to this prospectus involves a high degree of risk. You should carefully read and consider
  the risk factors beginning on page&nbsp;5 of this prospectus, as well as those included in the periodic and other reports we
  file with the Securities and Exchange Commission before you make your investment decision.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Neither
  the Securities and Exchange Commission, any United States state securities commission, the Delaware Monetary Authority, nor any
  state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete.
  Any representation to the contrary is a criminal offense.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>The date of this prospectus is November
  23, 2016.</B></P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="toc"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TABLE
  OF CONTENTS</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 93%; text-align: left"><A HREF="#a_001">Cautionary Note on Forward-Looking Information</A></TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 6%; text-align: center">1</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left"><A HREF="#a_002">Prospectus Summary</A></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">2</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left"><A HREF="#a_003">The Offering</A></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">4</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left"><A HREF="#a_004">Risk Factors</A></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">5</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD><A HREF="#a_005">Use of Proceeds</A></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">25</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left"><A HREF="#a_006">Selling Stockholders</A></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">25</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD><A HREF="#a_007">Plan of Distribution</A></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">26</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left"><A HREF="#a_008">Legal Matters</A></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">27</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD><A HREF="#a_009">Experts</A></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">27</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left"><A HREF="#a_010">Where You Can Find More Information</A></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">27</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left"><A HREF="#a_011">Disclosure of Commission Position on Indemnification for Securities Law Liabilities</A></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">27</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left"><A HREF="#a_012">Incorporation of Certain Documents by Reference</A></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: center">II-1</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">You
  should rely only upon the information contained in this prospectus and the Registration Statement of which this prospectus is
  a part. We have not authorized any other person to provide you with different information. If anyone provides you with different
  or inconsistent information, you should not rely on it. We are not making an offer to sell these securities in any jurisdiction
  where the offer or sale is not permitted. You should assume the information appearing in this prospectus is accurate only as of
  the date on the front cover of this prospectus. Our business, financial condition, results of operations and prospects may have
  changed since that date. This prospectus is based on information provided by us and other sources that we believe are reliable.
  We have summarized certain documents and other information in a manner we believe to be accurate, but we refer you to the actual
  documents for a more complete understanding of what we discuss in this prospectus. In making an investment decision, you must
  rely on your own examination of our business and the terms of the offering, including the merits and risks involved.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  obtained statistical data, market data and other industry data and forecasts used throughout, or incorporated by reference in,
  this prospectus from market research, publicly available information and industry publications. Industry publications generally
  state that they obtain their information from sources that they believe to be reliable, but they do not guarantee the accuracy
  and completeness of the information. Similarly, while we believe that the statistical data, industry data and forecasts and market
  research are reliable, we have not independently verified the data, and we do not make any representation as to the accuracy of
  the information. We have not sought the consent of the sources to refer to their reports appearing or incorporated by reference
  in this prospectus.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_001"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>CAUTIONARY
  NOTE ON FORWARD-LOOKING INFORMATION</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain
  statements contained in this prospectus constitute &ldquo;forward-looking statements&rdquo; as that term is defined under the
  Private Securities Litigation Reform Act of 1995 and releases issued by the SEC and within the meaning of Section 27A of the Securities
  Act and Section 21E of the Securities Exchange Act of 1934, as amended (the &ldquo;<B>Exchange Act</B>&rdquo;). The words &ldquo;believe,&rdquo;
  &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;intend,&rdquo; &ldquo;estimate,&rdquo; &ldquo;plan&rdquo; and other expressions
  which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking
  statements. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties
  and other factors, which may cause our actual results, performance or achievements to differ materially from anticipated future
  results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual
  results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to:
  (a) our projected revenues and profitability, (b) our growth strategies, (c) anticipated trends in our industry, (d) our future
  financing plans and (e) our anticipated needs for working capital.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  foregoing does not represent an exhaustive list of risks. Please see &ldquo;Risk Factors&rdquo; herein for additional risks which
  could adversely impact our business and financial performance. Moreover, new risks emerge from time to time and it is not possible
  for our management to predict all risks, nor can we assess the impact of all risks on our business or the extent to which any
  risk, or combination of risks, may cause actual results to differ from those contained in any forward-looking statements. All
  forward-looking statements included in this prospectus are based on information available to us on the date of this prospectus.
  Except to the extent required by applicable laws or rules, we undertake no obligation to publicly update or revise any forward-looking
  statement, whether as a result of new information, future events or otherwise. All subsequent written and oral forward-looking
  statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements
  contained throughout this prospectus.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  
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      <!-- Field: /Page -->
  
  <DIV STYLE="padding-right: 5; padding-left: 5; border: Black 1.5pt solid; width: 99%">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_002"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PROSPECTUS
  SUMMARY</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>This
  summary highlights information contained elsewhere or incorporated by reference in this prospectus. Accordingly, it does not
  contain all of the information that may be important to you. You should read this entire prospectus carefully, including the
  information under &ldquo;Risk Factors&rdquo; and the financial statements and the notes thereto included elsewhere in this
  prospectus before making an investment decision.</I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Except
  where the context otherwise requires and for purposes of this prospectus only:</I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I></I></FONT></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>All references to &ldquo;we,&rdquo;
  &ldquo;us,&rdquo; &ldquo;our,&rdquo; &ldquo;CCC,&rdquo; &ldquo;Company,&rdquo; &ldquo;Registrant&rdquo; or similar terms used
  in this report refer to China Commercial Credit, Inc., a Delaware corporation (&ldquo;CCC&rdquo;), including its consolidated
  subsidiaries and variable interest entities (&ldquo;VIE&rdquo;), unless the context otherwise indicates. We conduct&nbsp;our business</I>&nbsp;<I>through
  three operating entities, Wujiang Luxiang Rural Microcredit Co., Ltd., a PRC company with limited liability by stock (&ldquo;Wujiang
  Luxiang&rdquo;), which is a VIE controlled by Wujiang Luxiang Information Technology Consulting Co., Ltd (&ldquo;WFOE&rdquo;),
  a wholly-owned subsidiary of ours, through a series of contractual arrangements, and Pride Financial Leasing (Suzhou) Co. Ltd
  (&ldquo;PFL&rdquo;), our wholly-owned indirect subsidiary.</I>&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 39.6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&ldquo;PRC&rdquo;
  or &ldquo;China&rdquo; refers to the People&rsquo;s Republic of China, excluding, for the purpose of this report, Taiwan, Hong
  Kong and Macau. &ldquo;RMB&rdquo; or &ldquo;Renminbi&rdquo; refers to the legal currency of China and &ldquo;$&rdquo;, &ldquo;US$&rdquo;
  or &ldquo;U.S. Dollars&rdquo; refers to the legal currency of the United States.</I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  </DIV>
  
  
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#toc">Table of Contents</A>&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <DIV STYLE="padding-right: 5; padding-left: 5; border: Black 1.5pt solid; width: 99%">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: left; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THE
  COMPANY</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: -3.6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">China Commercial
  Credit, Inc., is a financial services firm operating in China. Our mission is to fill the significant void in the market place
  by offering lending, financial guarantee and financial leasing products and services to a target market which has been significantly
  under-served by the traditional Chinese financial community. Our current operations consist of providing direct loans, loan guarantees
  and financial leasing services to small-to-medium sized businesses (&ldquo;SMEs&rdquo;), farmers and individuals in the city of
  Wujiang, Jiangsu Province.&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  have four business lines, lending, guarantee, financial leasing and P2P lending. For our lending and guarantee services, we
  generally provide direct loans and guarantee services, to borrowers located within City of Wujiang, Jiangsu Province of
  China. In our direct loan business, we provide short-term loans to the borrowers and generate interest income. In our
  guarantee business, we act as a guarantor to borrowers applying for short-term direct loans with other lenders and generate
  fee income. Our clients in both the direct loan and guarantee businesses are primarily SMEs, farmers and individuals who
  generally use the proceeds of the loans for business related purposes.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  loan and loan guarantee business is conducted through Wujiang Luxiang, a fully licensed microcredit company which we control through
  our subsidiaries and certain contractual arrangements. Our financial leasing business is conducted through PFL, our wholly owned
  subsidiary. Historically, many SMEs and farmers have been borrowing at high interest rates from unregulated and often illegal
  lenders, referred to as &ldquo;underground&rdquo; lenders, to finance their operations and growth, contrary to the preferences
  of Chinese banking authorities. Such high interest rate borrowing makes it difficult for businesses to grow, and also exacerbates
  China&rsquo;s concerns about inflation. By operating through licensed and regulated businesses, we seek to bridge the gap between
  Chinese state-owned and commercial banks that have not traditionally served the capital needs of SMEs and higher interest rate
  &ldquo;underground&rdquo; lenders.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 39.6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jiangsu,
  which is an eastern coastal province, has among the highest population density in China and is home to many of the world&rsquo;s
  leading exporters of electronic equipment, chemicals and textiles. As a result, the city of Wujiang ranks as one of the most economically
  successful cities in China. The SMEs, both in Jiangsu and other provinces in China, have historically been an under-served segment
  of the Chinese banking market. Due to the significant demand from SMEs, the number of microcredit companies in China is increasing
  rapidly. According to the People&rsquo;s Bank of China (the &ldquo;PBOC&rdquo;), there were approximately 8,910 microcredit companies
  in China with a total outstanding loan balance of over $149.5 billion (RMB941.0 billion) as of the end of 2015.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 39.6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Since
  Wujiang Luxiang&rsquo;s inception in October 2008, it has developed a large number of borrowers in Wujiang City. All of our loans
  are made from our sole office, located in Wujiang City. As of September 30, 2016, we have built a US$59.5 million portfolio of
  direct loans to 108 borrowers and a total of US$11.3 million in loan guarantees for 14 borrowers.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 39.6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
  2014 and 2015, the microcredit companies in Wujiang area went through the most difficult time since their inceptions in 2008.
  Three of them went bankrupt while the remainder are struggling with high default rates due to the poor economic condition, especially
  the slow-down in the textile industry. The operations of Wujiang Luxiang were also affected. For the nine months ended September
  30, 2016, we had a revenue of $2 million and a net loss of $1 million compared to a loss of $56 million and net loss of $61 million
  for the year ended December 2015, a change of 104% and 98%, respectively. As a result of the deteriorating economic condition,
  we kept low amount of default loans in both our direct lending and guarantee business. The amount of underlying loans we guaranteed
  has been kept at $11.3 million and $11.7 million as of September 30 and December 31, 2015, respectively. As the rate of fees and
  commissions generated from the guarantee business has been decreasing, the Company decided that the revenue does not justify the
  default risks involved in the guarantee business, and therefore expects to further reduce the traditional guarantee business and
  hold off on pursuing the guarantee business to be provided via the Kaixindai Financing Services Jiangsu Co. Ltd (&ldquo;Kaixindai&rdquo;)
  platform as previously planned. Management may actively resume the guarantee business in the future if economic conditions improve.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  financial leasing services are anticipated to be provided to a diverse base of customers, including textile and other manufacturing
  companies, railroads, port facilities, local bus, and rail companies and municipal governments. Customers will include existing
  clients of Wujiang Luxiang in addition to new clients. PFL, our wholly owned subsidiary, plans to provide leases on both new and
  used manufacturing equipment, medical devices, transportation vehicles and industrial equipment, purchased both domestically and
  from foreign suppliers, to meet its customer&rsquo;s needs. As of the date of this Annual Report, PFL entered into two financial
  leasing agreements for an aggregate of $5.61 million in lease receivables. We do not currently have further funds to deploy in
  the financial leasing business and plan to hold off expansion of the leasing business until the economic environment improves.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;Our
  principal executive offices are located at No. 1688, Yunli Road, Tongli, Wujang, Suzhou, Jiangsu Province People&rsquo;s Republic
  of China. Our telephone number at this address is +86 (0512) 6396-0022. Our Common Stockis traded on the NASDAQ Capital Market
  under the symbol &ldquo;CCCR.&rdquo;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  Internet website, www.chinacommercialcredit.com, provides a variety of information about our Company. We do not incorporate by
  reference into this prospectus the information on, or accessible through, our website, and you should not consider it as part
  of this prospectus. Our annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed with
  the United States Securities and Exchange Commission (the &ldquo;SEC&rdquo;) are available, as soon as practicable after filing,
  at the investors&rsquo; page on our corporate website, or by a direct link to its filings on the SEC&rsquo;s free website.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: -54pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  </DIV>
  
  
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      <!-- Field: /Page -->
  
  <DIV STYLE="padding-right: 5; padding-left: 5; border: Black 1.5pt solid; width: 99%">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_003"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THE
  OFFERING</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
      <TD STYLE="width: 25%; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Outstanding&nbsp;Common&nbsp;</B></FONT></TD>
      <TD STYLE="width: 1%; line-height: 115%">&nbsp;</TD>
      <TD STYLE="width: 74%; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Stock&nbsp;Prior&nbsp;to&nbsp;the&nbsp;Offering</B></FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16,637,679 shares of our Common stock issued and outstanding as of November 21, 2016 (1)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Common stock&nbsp;being&nbsp;offered&nbsp;</B></FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>by&nbsp;Selling&nbsp;Stockholders</B></FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Up to 1,314,250
      shares.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Use&nbsp;of&nbsp;Proceeds</B></FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: justify; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We will not receive any proceeds from the sale of our Common stock by the Selling Stockholders. We would, however, receive proceeds upon the exercise of awards (including options) received under the 2014 Incentive Plan. Any cash proceeds will be used by us for working capital and general corporate purposes.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risk&nbsp;Factors</B></FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: justify; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The securities offered by this prospectus are speculative and involve a high degree of risk. Investors purchasing securities should not purchase the securities unless they can afford the loss of their entire investment. See &ldquo;Risk Factors&rdquo; beginning on page 5.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Nasdaq&nbsp;Symbol</B></FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CCCR</FONT></TD></TR>
  </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B>&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)
  Does not include 1,750,000 warrants to purchase an additional 875,000 shares of Common Stock issuable upon the exercise of
  such warrants.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  </DIV>
  
  
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#toc">Table of Contents</A>&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_004"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RISK
  FACTORS</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>You
  should carefully consider the following material&nbsp;risk factors&nbsp;and other information in this report. If any of the following
  risks actually occur, our business, financial condition, results of operations and prospects for growth could be seriously impacted.
  As a result, the trading price, if any, of our common stock could decline and you could lose part or all of your investment.</I></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
  Relating to Our Lending and Guarantee Business</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
  limited operating history makes it difficult to evaluate our business and prospects and we may not be able to adapt to the changing
  market condition.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wujiang
  Luxiang commenced operations in October 2008 and has a limited operating history. It is difficult to evaluate our prospects, as
  we may not have sufficient experience in addressing the risks to which companies operating in new and rapidly evolving markets
  such as the microcredit industry, may be exposed. We will continue to encounter risks and difficulties that companies at a similar
  stage of development frequently experience, including the potential failure to:</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="width: 0.25in; text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">timely
      respond to the liquidity changes driven by PBOC&rsquo;s policy and manage the credit risk inherent to our loan and guarantee
      business;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">obtain
      sufficient working capital and increase our registered capital to support expansion of our loan and guarantee portfolios;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">comply
      with any changes in the laws and regulations of the PRC or local province that may affect our lending operations;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">expand
      our borrowers base;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">collect
      from default borrowers;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">maintain
      adequate control of default risks and expenses allowing us to realize anticipated revenue growth;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">implement
      our customer development, risk management and acquisition strategies and adapt and modify them as needed;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">integrate
      any future acquisitions; and</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">anticipate
      and adapt to changing conditions in the Chinese lending industry resulting from changes in government regulations, mergers
      and acquisitions involving our competitors, and other significant competitive and market dynamics.</FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
  a matter of fact, for the nine months ended September 30, 2016, we had a revenue of $2 million and a net loss of $1 million compared
  to a loss of $56 million and net loss of $61 million in 2015, a change of 104% and 98%, respectively. If we are unable to address
  any or all of the foregoing risks, our business may be materially and adversely affected.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 18pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>PRC
  regulation of loans to, and direct investments in, PRC entities by offshore holding companies and the unauthorized transfer of
  certain funds by our former chief executive officer have prevented us from using the entire proceeds from our initial public offering
  to increase the registered capital of Wujiang Luxiang.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
  an offshore holding company with PRC subsidiaries, we may transfer funds to our PRC subsidiaries or finance our operating entity
  by means of loans or capital contributions. Any loans to our PRC subsidiaries, which are foreign-invested enterprises, cannot
  exceed statutory limits based on the difference between the amount of our investments and registered capital in such subsidiaries,
  and shall be registered with SAFE, State Administration of Foreign Exchange, or its local counterparts. Furthermore, any capital
  increase contributions we make to our PRC subsidiaries, which are foreign-invested enterprises, shall be approved by MOFCOM, Ministry
  of Commerce, or its local counterparts. The majority of the net proceeds from our initial public offering completed in August
  2013, approximately $7 million, is intended to increase the registered capital of Wujiang Luxiang and therefore its corresponding
  lending and guarantee capacity. Approximately $5.6 million of the net proceeds have already been contributed to Wujiang Luxiang
  and approved as an increase of the registered capital of Wujiang Luxiang. An additional $1.4 million was supposed to be transferred
  from WFOE to Wujiang Luxiang to further increase its registered capital. $1.5 million of the proceeds was initially transferred
  to WFOE to be used for the registered capital requirements of WFOE. Due to the subsequent reduction of WFOE&rsquo;s registered capital
  requirement from $10 million to $100,000, $100,000 was supposed to remain at WFOE to satisfy its new registered capital requirement
  and the remaining $1.4 million was supposed to be used to further increase the registered capital of Wujiang Luxiang. However,
  as previously reported by the Company, RMB 7 million (approximately $1.1 million) was transferred from the bank account of WFOE
  to the personal account of Mr. Huichun Qin, the Company&rsquo;s former CEO and Chairman of the Board. The Company has not been
  able to recover the missing funds. The delay and potential failure to use the remaining IPO proceeds to increase Wujiang Luxiang&rsquo;s
  registered capital, currently prevents us from further expanding Wujiang Luxiang&rsquo;s business.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
  current operations in China are geographically limited to the city of Wujiang.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
  accordance with the PRC state and provincial laws and regulations with regard to microcredit companies, we are not allowed to
  make loans and provide guarantees to businesses and individuals located outside of the city of Wujiang.&nbsp;<FONT STYLE="background-color: white">Our
  future growth opportunities depend on the growth and stability of the economy in the city of Wujiang. A downturn in the local
  economy</FONT>&nbsp;or the implementation of local policies unfavorable to SMEs may cause a decrease in the demand for our loan
  or guarantee services and&nbsp;<FONT STYLE="background-color: white">may negatively affect borrowers&rsquo; ability to repay their
  loans on a timely basis, both of which could have a negative impact on our profitability and business.</FONT></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>If
  the Jiangsu government subsidy we currently receive from the Jiangsu government for loans to farmers is not renewed, we would
  suffer a loss of revenues.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
  to certain Jiangsu government policies on promotion of rural economic reform, the interest on loans to farmers is subsidized by
  the government. Therefore, we charge the farmers at an interest rate lower than that of loans to SME&rsquo;s. A portion of the
  difference between the lower rate charged to farmers and the rate charged to SME&rsquo;s is remitted to us annually by the Jiangsu
  government as a government subsidy. We also received other types of government subsidies from Jiangsu government which are, among
  other things, intended to incentivize microcredit companies to establish and maintain strict financial operation systems. Applicants
  for these subsidies are required to apply for such subsidies annually. The standards for granting this subsidy is presently flexible
  and the number of applicants applying for such subsidies varies from year to year. In addition, the amount of funds which will
  be available for the Jiangsu government to use for these government subsidies each year is uncertain and depend on the needs of
  microeconomic development of Jiangsu province, the government&rsquo;s budget and other factors. In the event our application for
  such subsidy in the future is not granted or the funds we receive are reduced, we would suffer loss of revenues.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Changes
  in the interest rates and spread could have a negative impact on our revenues and results of operations.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  revenues and financial condition are primarily dependent on interest income, which is the difference between interest earned from
  loans we provide and interest paid to the lines of credit we obtain from other financial institutions. A narrowing interest rate
  spread could adversely affect our earnings and financial conditions. If we are not able to control our funding costs or adjust
  our lending interest rate in a timely manner, our interest margin will decline. In addition, the interest rates we charge to the
  borrowers in our direct loan business are linked to the PBOC benchmark interest rate (the &ldquo;PBOC Benchmark Rate&rdquo;).
  The PBOC Benchmark Rate may fluctuate significantly due to changes in the PRC government&rsquo;s monetary policy. Due to the restriction
  that our interest rate cannot be higher than three times the PBOC Benchmark Rate pursuant to certain Jiangsu banking regulations
  released in October 2012, if we have to reduce the interest rate we charge the borrowers to reflect the decrease of the PBOC Benchmark
  Rate, our interest rate spread will be negatively affected.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>As
  a microcredit company, our business is subject to greater credit risks than larger lenders, which could adversely affect our results
  of operations.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
  are inherent risks associated with our lending and guarantee activities, including credit risk, which is the risk that borrowers
  may not repay the outstanding loans balances in our direct loan business or that we may not recover the full amount of the payment
  we made to the lender in our guarantee business. As a microcredit company, we extend credits to SMEs, farmer and individuals.
  These borrowers generally have fewer financial resources in terms of capital or borrowing capacity than larger entities and may
  have fewer financial resources to weather a downturn in the economy. Such borrowers may expose us to greater credit risks than
  lenders lending to larger, better-capitalized state-owned businesses with longer operating histories. Conditions such as inflation,
  economic downturn, local policy change, adjustment of industrial structure and other factors beyond our control may increase our
  credit risk more than such events would affect larger lenders. In addition, since we are only permitted to provide financial services
  to borrowers located in the city of Wujiang, our ability to geographically diversify our economic risks is limited by the local
  markets and economies. Also, decreases in local real estate value could adversely affect the values of the real property used
  as collateral in our direct loan and guarantee business. Such adverse changes in the local economy may have a negative impact
  on the ability of borrowers to repay their loans and the value of our collateral and our results of operations and financial condition
  may be adversely affected.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
  allowance for loan losses may not be sufficient to absorb future losses or prevent a material adverse effect on our business,
  financial condition, or results of operations.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  risk assessment procedure uses historical information to estimate any potential losses based on our experience, judgment, and
  expectations regarding our borrowers and the economic environment in which we and our borrowers operate. The allowance for both
  loan losses and guarantee services were estimated based on 1% of the quarterly outstanding loan and guarantee portfolio balances.
  To the extent the mandatory loan loss reserve rate of 1% as required by PBOC differs from management&rsquo;s estimates, the management
  elects to use the higher rate. We believe we are required to establish an allowance for loan losses pursuant to &ldquo;<I>The
  Guidance on Provisioning for Loan Losses</I>&rdquo; (the &ldquo;Provision Guidance&rdquo;) issued by PBOC and &ldquo;Financial
  Practices of Rural Microcredit Companies of Jiangsu Province Pilot&rdquo; (the &ldquo;Jiangsu Financial Practices&rdquo;) issued
  by Finance Office of Jiangsu Province in 2009. However, our implementation of the measurements set forth in the Provision Guidance
  and the Jiangsu Financial Practices, especially the Five-Tier approach in making the specific reserve, may be deemed not in compliance
  with the applicable banking regulations. Our loan loss reserves may not be sufficient to absorb future loan losses or prevent
  a material adverse effect on our business, financial condition, or results of operations.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Increases
  to the provision for loan losses and provision on financial guarantee services</I></B>&nbsp;<B><I>will cause our net income to
  decrease.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  business is subject to fluctuations based on local economic conditions. These fluctuations are neither predictable nor within
  our control and may have a material adverse impact on our operations and financial condition. We may decide to increase our provision
  for loan losses and provision on financial guarantee services in light of the borrower&rsquo;s repayment ability and/or the lack
  of clarity in the applicable banking regulations with regard to microcredit companies. The regulatory authority may also require
  an increase in the provision for loan losses and provision on financial guarantee services or the recognition of further loan
  charge-offs, based on judgments different from those of our management. Any increase in the provision for loan losses and provision
  on financial guarantee services will result in a decrease in net income and may have a material adverse effect on our financial
  condition and results of operations.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
  lack significant product and business diversification. Accordingly, our future revenues and earnings are more susceptible to fluctuations
  than a more diversified company.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Currently,
  our primary business activities include offering direct loans and providing guarantee services to our customers. If we are unable
  to maintain and grow the operating revenues from our business or develop additional revenue streams, our future revenues and earnings
  are not likely to grow and could decline. Our lack of significant product and business diversification could inhibit the opportunities
  for growth of our business, revenues and profits.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Competition
  in the microcredit industry is growing and could cause us to lose market share and revenues in the future.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  believe that the microcredit industry is an emerging market in China. We may face growing competition in the microcredit industry
  and we believe that the microcredit market is becoming more competitive as this industry matures and begins to consolidate. We
  currently compete with traditional financial institutions, other microcredit companies, and some cash-rich state-owned companies
  or individuals that lend to SMEs. Some of our competitors have larger and more established borrower bases and substantially greater
  financial, marketing and other resources than we have. As a result, we could lose market share and our revenues could decline,
  thereby adversely affecting our earnings and potential for growth.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>If
  we fail to remediate the material weaknesses in our internal control over financial reporting that have been identified, we may
  be unable to accurately report our results of operations or prevent misstatements, and investor confidence and the market price
  of our common stock may be materially and adversely affected.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 54pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior
  to our IPO, we were a private company with limited accounting personnel and other resources with which to address our internal
  controls and procedures. Our independent registered public accounting firm is not required to and has not conducted an audit or
  assessment of our internal control over financial reporting. In August 2014, the Company discovered RMB 7 million (approximately
  $1.1 million) was transferred (the &ldquo;Transfer at Issue&rdquo;) from the bank account of WFOE, without authorization, to the
  personal account of Mr. Qin, the then CEO of the Company. The Company appointed a special committee (the &ldquo;Special Committee&rdquo;)
  of the Board of Directors to conduct an internal review surrounding the Transfer at Issue. The internal review indicated that
  the Company&rsquo;s control deficiencies contributed to the Transfer at Issue. Since Mr. Qin had the sole authority to approve
  fund transfers, there was a lack of checks and balances over transfers. The Company filed a report with a local Wujiang Police
  Department charging Mr. Qin with misappropriating RMB 7 million. The Company retained a local law firm to assist the Company in
  following up with the Police Department with regard to the development of the case and collection of the missing funds. According
  to the PRC counsel, if the prosecutors agree to criminally indict Mr. Qin, there will be an accompanying civil collection suit.
  If the prosecutors determined not to criminally indict Mr. Qin, then the Company will initiate a civil proceeding against Mr.
  Qin to collect such funds. The prosecutors have not notified the Company of their decision as of the date of this annual report.
  There is no assurance that we would be able to collect the missing funds, if any.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
  a result of the control deficiencies in the fund transfer procedure and other material weaknesses identified, the Company concluded
  its internal controls over financial reporting were not effective as of December 31, 2014. See Item 9A&nbsp;<I>Controls and Procedures</I>&nbsp;for
  a detailed discussion of the material weakness and the remediation measures the Company plans to take. Such material weaknesses
  may result in our inability to accurately report our financial results or prevent material misstatements.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
  business depends on the continuing efforts of members of our management. If we lose their services, our business may be severely
  disrupted.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  business operations depend on the continuing efforts of members of<B><I>&nbsp;</I></B>our management. If one or more of our management
  were unable or unwilling to continue their employment with us, we might not be able to replace them in a timely manner, or at
  all. We may incur additional expenses to recruit and retain qualified replacements. Our business may be severely disrupted and
  our financial condition and results of operations may be materially and adversely affected. In addition, members of our management
  team may join a competitor or form a competing company. We may not be able to successfully enforce any contractual rights we have
  with our management team, in particular in China, where all of these individuals reside and where our business is operated through
  Wujiang Luxiang through various VIE Agreements. As a result, our business may be negatively affected due to the loss of one or
  more members of our management.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
  require highly qualified personnel and if we are unable to hire or retain qualified personnel, we may not be able to grow effectively.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  future success also depends upon our ability to attract and retain highly qualified personnel. Expansion of our business and our
  management will require additional managers and employees with industry experience, and our success will be highly dependent on
  our ability to attract and retain skilled management personnel and other employees. We may not be able to attract or retain highly
  qualified personnel. Competition for skilled personnel is significant in China. This competition may make it more difficult and
  expensive to attract, hire and retain qualified managers and employees.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
  have no insurance coverage for our lending or guarantee business or our bank accounts, which could expose us to significant costs
  and business disruption.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Risks
  associated with our business and operations include, but are not limited to, borrowers&rsquo; failure to repay the outstanding principal
  and interest when due and our loss reserve is not sufficient cover such failure, losses of key personnel, business interruption
  due to power shortages or network failure, and risks posed by natural disasters including storms, floods and earthquakes, any
  of which may result in significant costs or business disruption. We do not maintain any credit insurance, business interruption
  insurance, general third-party liability insurance, nor do we maintain key-man life insurance or any other insurance coverage
  except the mandatory social insurance for the employees of Wujiang Luxiang. If we incur any loss that is not covered by our loss
  reserve, our business, financial condition and results of operations could be materially and adversely affected.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  maintain our cash with various banks. Our cash accounts are not insured or otherwise protected. Should any bank or trust company
  holding our cash deposits become insolvent, or if we are otherwise unable to withdraw funds, we could lose the cash on deposit
  with that particular bank or trust company.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
  Relating to Our Financial Leasing Business</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><B><I>We
  only generated a small amount of revenue from our financial leasing operations as of now and our financial leasing business plan
  may not be executed as planned.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  are currently at the initial stage of developing our financial leasing business. In February 2015, we signed two leasing contracts
  worth a total of total $4.88 million. The success of our financial leasing operations will highly depend upon our ability to obtain
  funds to deploy and successfully develop and market our financial leasing services to the targeted customers. We may not be able
  to develop our financial leasing business as planned and generate significant revenues. The revenue and income potential of our
  proposed financial leasing business is unproven and the lack of operating history makes it difficult to evaluate the future prospects
  of this business.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
  have no experience in the equipment leasing and financing business and our knowledge of the Chinese financial leasing market is
  limited.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None
  of the PFL management has any prior experience in the operation or management of equipment financing and leasing. Our knowledge
  of the Chinese financial leasing industry and market is very limited. Our perception of the potential customers&rsquo; needs and
  their acceptance of our financial leasing services may not be accurate. We may not be able to work with equipment providers to
  successfully purchase qualified equipment identified by our customers on terms acceptable to us. We may not be able to establish
  sound financial modeling in the calculation of the interest rate and residual value. Such inexperience and lack of active knowledge
  may lead to failure of our financial leasing business.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Lack
  of knowledge of financial leasing benefits among potential customers may make it difficult for us to market our services.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Currently,
  a high proportion of Chinese management, especially management of SMEs, still perceive leasing companies as a &ldquo;second-class
  bank&rdquo;, and very few recognize the flexibility and benefits that financial leasing provides. We may need to invest a tremendous
  amount of time and effort toward lease education so that potential customers can fully appreciate the flexibility leasing offers
  to deploy their assets. Failure in such education may make it difficult for us to market our financial leasing services.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>A
  protracted economic downturn may cause an increase in defaults under our leases and lower demand for the commercial equipment
  we lease.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
  protracted economic downturn, similar to the one China experienced in recent years, could result in a decline in the demand for
  some of the types of equipment or services we finance, which could lead to a decline in originations. A protracted economic downturn
  may slow the development and continued operation of small commercial businesses, which is one of the primary markets for the commercial
  equipment leased by us. In addition, a protracted downturn could result in an increase in delinquencies and defaults by our lessees
  and other obligors, which could have an adverse effect on our cash flow and earnings. These factors could have a material adverse
  effect on our business, financial condition and results of operations.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
  allowance for lease credit losses may prove to be inadequate to cover future credit losses.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  will maintain an allowance for credit losses on our leases, at an amount we believe is sufficient to provide adequate protection
  against losses on the leases. We cannot be sure that our allowance for credit losses will be adequate over time to cover losses
  caused by adverse economic factors, or unfavorable events affecting specific leases, industries or geographic areas. Losses in
  excess of our allowance for credit losses may have a material adverse effect on our business, financial condition and results
  of operations.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
  are vulnerable to changes in the demand for the types of equipment we plan on leasing or price reductions in such equipment.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  leasing portfolio will be comprised of a wide variety of equipment including, but not limited to, public transportation vehicles
  such as subway cars, trains, buses, medical equipment, equipment used in textile production and agricultural equipment. Reduced
  demand for financing of the types of equipment we lease could adversely affect our lease origination volume, which in turn could
  have a material adverse effect on our business, financial condition and results of operations. Technological advances may lead
  to a decrease in the price of these types of equipment and a consequent decline in the need for financing of such equipment. These
  changes could reduce the need for outside financing sources that would reduce our lease financing opportunities and origination
  volume in such products. In the event that demand for financing the types of equipment that we lease declines, we will need to
  expand our efforts to provide lease financing for other products.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
  may face growing competition, which could cause us to lower our lease rates, hurt our origination volume and strategic position
  and adversely affect our financial results.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Chinese financial leasing industry is becoming competitive in recent years. We will compete for customers with a number of international,
  national, regional and local banks and finance companies and financial leasing companies. Our competitors also include equipment
  manufacturers that lease or finance the sale of their own products. Our competitors include larger, more established companies,
  some of which may possess substantially greater financial, marketing and operational resources than us, including lower cost of
  funds and access to capital markets and other funding sources which may be unavailable to us. If a competitor was to lower its
  lease rates, we could be forced to follow such trend or be unable to retain origination volume, either of which would have a material
  adverse effect on our business, financial condition and results of operations.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>If
  PFL were to lose key personnel, its operating results may suffer.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  success of our financial leasing business depends to a large extent upon the abilities and continued efforts of senior management.
  The loss of the services of one or more of the key members of our senior management before we are able to attract and retain qualified
  replacement personnel could have a material adverse effect on the development and success of our financial leasing business.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Recently
  proposed accounting changes may negatively impact the demand for equipment leases.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
  August 17, 2010, the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) released
  a joint exposure draft that would dramatically change lease accounting for both lessees and lessors by requiring balance sheet
  recognition of all leases. At their June 13, 2012 joint board meeting, the International Accounting Standards Board (IASB) and
  the FASB (collectively, the &ldquo;Boards&rdquo;) agreed on an approach for the accounting for lease expenses as part of their
  joint project to revise lease accounting. In September 2012, the Boards reached tentative decisions regarding sale and leaseback
  transactions and other lease accounting issues. The Boards issued revised exposure draft in May 2013, with a 120-day comment period.
  As part of the deliberation process, the Boards reviewed nearly 800 comment letters and held public roundtable meetings and preparer
  workshops. A key issue raised by stakeholders in this process was the front-loading of expense recognition for lessees in the
  proposal. The Boards have tentatively agreed to change the expense recognition pattern and income statement presentation for certain
  leases. If these accounting changes are adopted in a form that makes equipment leasing less attractive to small business owners,
  it could result in a reduction in the demand for equipment leases, and could have an adverse effect on our results of operations
  and financial condition.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
  Relating to Doing Business in China</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>PRC
  regulation of loans to, and direct investments in, PRC entities by offshore holding companies may delay or prevent us from using
  proceeds from financing activities to make loans or additional capital contributions to our PRC operating subsidiaries.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
  an offshore holding company with PRC subsidiaries, we may transfer funds to our PRC subsidiaries or finance our operating entity
  by means of loans or capital contributions. Any loans to our PRC subsidiaries, which are foreign-invested enterprises, cannot
  exceed statutory limits based on the difference between the amount of our investments and registered capital in such subsidiaries,
  and shall be registered with SAFE, or its local counterparts. Furthermore, any capital increase contributions we make to our PRC
  subsidiaries, which are foreign-invested enterprises, shall be approved by MOFCOM, or its local counterparts. We may not be able
  to obtain these government registrations or approvals on a timely basis, if at all.<B><I>&nbsp;</I></B>If we fail to receive such
  registrations or approvals, our ability to provide loans or capital to increase contributions to our PRC subsidiaries may be negatively
  affected, which could adversely affect our liquidity and our ability to fund and expand our business.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>A
  slowdown of the Chinese economy or adverse changes in economic and political policies of the PRC government could negatively impact
  China&rsquo;s overall economic growth, which could materially adversely affect our business.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">We are a holding
  company and all of our operations are entirely conducted in the PRC. Although the PRC economy has grown in recent years, such
  growth may not continue. A slowdown in overall economic growth, an economic downturn or recession or other adverse economic developments
  in the PRC may materially reduce the demand for our direct lending, guarantee and financial leasing services and may have a materially
  adverse effect on our business.</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">China&rsquo;s
  economy differs from the economies of most other countries in many respects, including the amount of government involvement in
  the economy, the general level of economic development, growth rates and government control of foreign exchange and the allocation
  of resources. While the PRC economy has grown significantly over the past few decades, this growth has remained uneven across
  different periods, regions and economic sectors.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  PRC government also exercises significant control over China&rsquo;s economic growth by allocating resources, controlling the
  payment of foreign currency-denominated obligations, setting monetary policy and providing preferential treatment to particular
  industries or companies. Any actions and policies adopted by the PRC government could negatively impact the Chinese economy, which
  could materially adversely affect our business.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Substantial
  uncertainties and restrictions with respect to the political and economic policies of the PRC government and PRC laws and regulations
  could have a significant impact upon the business we may be able to conduct in the PRC and accordingly on the results of our operations
  and financial condition.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  business operations may be adversely affected by the current and future political environment in the PRC. The Chinese government
  exerts substantial influence and control over the manner in which we must conduct our business activities. Our ability to operate
  in China may be adversely affected by changes in Chinese laws and regulations. Under the current government leadership, the government
  of the PRC has been pursuing economic reform policies that encourage private economic activities and greater economic decentralization.
  However, the government of the PRC may not continue to pursue these policies, or may significantly alter these policies from time
  to time without notice.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
  are substantial uncertainties regarding the interpretation and application of PRC laws and regulations, including, but not limited
  to, the laws and regulations governing our business, or the enforcement and performance of our arrangements with borrowers in
  the event of the imposition of statutory liens, death, bankruptcy or criminal proceedings. Only after 1979 did the Chinese government
  begin to promulgate a comprehensive system of laws that regulate economic affairs in general, deal with economic matters such
  as foreign investment, corporate organization and governance, commerce, taxation and trade, as well as encourage foreign investment
  in China. Although the influence of the law has been increasing, China has not developed a fully integrated legal system and recently
  enacted laws and regulations may not sufficiently cover all aspects of economic activities in China. Also, because these laws
  and regulations are relatively new, and because of the limited volume of published cases and their lack of force as precedents,
  interpretation and enforcement of these laws and regulations involve significant uncertainties. New laws and regulations that
  affect existing and proposed future businesses may also be applied retroactively. In addition, there have been constant changes
  and amendments of laws and regulations over the past 30 years in order to keep up with the rapidly changing society and economy
  in China. Because government agencies and courts provide interpretations of laws and regulations and decide contractual disputes
  and issues, their inexperience in adjudicating new business and new polices or regulations in certain less developed areas causes
  uncertainty and may affect our business. Consequently, we cannot clearly foresee the future direction of Chinese legislative activities
  with respect to either businesses with foreign investment or the effectiveness on enforcement of laws and regulations in China.
  The uncertainties, including new laws and regulations and changes of existing laws, as well as judicial interpretation by inexperienced
  officials in the agencies and courts in certain areas, may cause possible problems to foreign investors.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
  microcredit business is subject to extensive regulation and supervision by state, provincial and local government authorities,
  which may interfere with the way we conduct our business and may negatively impact our financial results.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  are subject to extensive and complex state, provincial and local laws, rules and regulations with regard to our loan and guarantee
  operations, capital structure, allowance for loan losses, among other things. These laws, rules and regulations are issued by
  different central government ministries and departments, provincial and local governments while enforced by different local authorities
  in the city of Wujiang. In addition, it is not clear whether microcredit companies are subject to certain banking regulations
  the state-owned and commercial banks are subject to, including the regulation with regard to loan loss reserves. Therefore, the
  interpretation and implementation of such laws, rules and regulations may not be clear and occasionally we have to depend on oral
  inquiries with local government authorities. As a result of the complexity, uncertainties and constant changes in these laws,
  rules and regulation, including changes in interpretation and implementation of such, our business activities and growth may be
  adversely affected if we do not respond to the changes in a timely manner or are found to be in violation of the applicable laws,
  regulations and policies as a result of a different position from ours taken by the competent authority in the interpretation
  of such applicable laws, regulations and policies. If we were found to be not in compliance with these laws and regulations, we
  may be subject to sanctions by regulatory authorities, monetary penalties and/or reputation damage, which could have a material
  adverse effect on our business operation and profitability.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Lack
  of financial leasing regulations could negatively impact our business.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Currently,
  there is no uniform equipment title registration process and system in China, as each municipality adopts different procedures.
  The pending China Financial Leasing Law is expected to unify the registration procedures and protect the lessor against a &ldquo;good-faith&rdquo;
  third-party claim if the leased assets are registered in the lessor&rsquo;s name. In the absence of such central title registration
  system, the lessors&rsquo; ownership interest on the leased equipment may be threatened. Loss of ownership to the leased equipment
  will have a negative effect on our financial position.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
  may be subject to administrative sanctions in the event we are found to have charged excessive interest rates on some of the historical
  direct loans we extended.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
  2010, 2011 and 2012, we provided certain financing consulting services to an aggregate of approximately 114 individuals and companies
  and generated consulting fees of approximately US$693,555(RMB 4.6 million). According to the consulting arrangements we had with
  these parties, we agreed to provide consulting services such as advising on the applicable lending rules and regulations, making
  recommendations about financing plans, assisting the parties to complete and submit financing applications and providing general
  guidance in the capital raising process. Some of these clients were also borrowers. We also charged additional consulting fees
  when such borrowers asked to expedite the review and approval process of their loan applications, as such expedited lendings require
  funds to be allocated from other positions at an additional cost to us. The maximum interest rate a microcredit lender is allowed
  to charge on microcredit loans was four times the PBOC&rsquo;s Benchmark Rate, according to Circular 23 and Several Opinion Regarding
  the Trial of Cases promulgated by Supreme Court of PRC. Although none of these loans had interest rates higher than four times
  the PBOC Benchmark Rate, the aggregate amount of interest we charged such borrower plus the consulting fee would exceed four times
  the PBOC Benchmark Rate if the consulting fees paid by these borrowers were deemed as additional interest payments. We believe
  such consulting fees were compensation payments for the consulting services we provided. Also we have stopped providing such consulting
  services since July 31, 2012 and we do not anticipate engaging in such consulting service in the foreseeable future. However,
  in the event the competent government authority determines these historical consulting fees were&nbsp;<I>de facto</I>&nbsp;interest
  payments, we may be found to have charged excessive rates on these loans and, as a result, we may be subject to sanctions by the
  government authority, which may include return of the excessive interest to affected borrowers, confiscation of illegal gains,
  fine, suspension of operation and/or revocation of our business license.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
  may be subject to administrative sanctions in the event the extension we obtained on contribution of PFL&rsquo;s registered capital
  is reversed or determined to be not effective or if we are not able to contribute the remainder of the registered capital as required.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
  to Foreign Wholly-Owned Enterprise Law and relevant implementation rules, 15% of the U.S. $50 million registered capital of PFL
  is required to be contributed within initial three months of PFL obtaining its business license on September 5, 2013 and the remainder
  to be contributed within two years after the business license is granted. We did not make any contributions within the three-month
  period since we expected to fund such contribution with the proceeds from the follow-on offering. Based on our oral inquiries
  with the local Commission of Commerce of Wujiang, we were told that the required initial installment would be reduced to 10% in
  2014 and that the competent authority would refrain from taking specific administrative measures against us once the first installment
  of capital contribution is paid. In addition, we were told by Wujiang Economic and Technological Development Zone (&ldquo;WETDZ&rdquo;),
  where PFL is incorporated and located, that there will be no penalty for the delayed contribution of the first installment of
  the registered capital. In the event the orally granted extension or the advice we received from WETDZ is reversed or found to
  be not valid by a relevant authority, we may be subject to administrative sanctions, including monetary penalties ranging from
  5% to 15% of the portion that has not been paid on time, or from $375,000 to $1,125,000 if none was contributed at the time of
  the sanction. In October 2014, we contributed substantially all of the net proceeds raised in the follow-on offering to the registered
  capital requirement of PFL.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
  addition, the new PRC Company Law that became effective on March 1, 2014, radically changed the registered capital requirements,
  including deleting the requirement to contribute the registered capital within certain time frames and the minimum registered
  capital requirement. However, it is unclear whether PFL will be subject to the loosened registered capital requirements under
  the new PRC Company Law and, as a result, be exempted from contributing the remainder of the registered capital within two years
  after the business license is granted. If it is later determined that PFL cannot enjoy the loosened registered capital requirement
  set forth in the new Company Law, we would have to contribute 85% of the then registered capital of PFL prior to September 4,
  2015. In the event we are not able to make such contribution, we may be subject to administrative sanctions, including monetary
  penalties ranging from 5% to 15% of the portion that has not been paid on time, or from $2,125,000 to $6,375,000 if none of the
  remaining 85% was contributed at the time of the sanction.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Since
  we conduct substantially all of our operations in China, and almost all of our officers and directors reside outside the United
  States, our stockholders may face difficulties in protecting their interests and exercising their rights as a stockholder of CCC.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although
  we are incorporated in Delaware, we conduct substantially all of our operations in China through Wujiang Luxiang, our consolidated
  VIE in China and PFL. All of our current officers and almost all of our directors reside outside the United States and substantially
  all of the assets of those persons are located outside of the United States. It may be difficult for the stockholders to conduct
  due diligence on the Company or such directors in your election of the directors and attend shareholders meeting if the meeting
  is held in China. We plan to have one shareholder meeting each year at a location to be determined, potentially alternating between
  United States and China. As a result of all of the above, our public shareholders may have more difficulty in protecting their
  interests through actions against our management, directors or major shareholders than would shareholders of a corporation doing
  business entirely or predominantly within the United States.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Stockholders
  may experience difficulties in effecting service of legal process, enforcing foreign judgments or bringing original actions in
  China based upon United States laws, including the federal securities laws or other foreign laws against us or our management.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Substantially
  all of our operations are conducted in China, and all of our assets are located in China. A majority of our officers are nationals
  or residents of the PRC and a substantial portion of their assets are located outside the United States. As a result, Dacheng
  Law Firm, our counsel as to PRC law, advised us that it may be difficult for a shareholder to effect service of process within
  the United States upon these persons, or to enforce judgments against us which are obtained in United States courts, including
  judgments predicated upon the civil liability provisions of the securities laws of the United States or any state in the United
  States.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dacheng
  Law Firm further advised us that the recognition and enforcement of foreign judgments are provided for under the PRC Civil Procedures
  Law. PRC courts may recognize and enforce foreign judgments in accordance with the requirements of the PRC Civil Procedures Law
  based either on treaties between China and the country where the judgment is made or on principles of reciprocity between jurisdictions.
  China does not have any treaties or other form of reciprocity with the United States that provide for the reciprocal recognition
  and enforcement of foreign judgments. In addition, according to the PRC Civil Procedures Law, courts in the PRC will not enforce
  a foreign judgment against us or our directors and officers if they decide that the judgment violates the basic principles of
  PRC laws, national sovereignty, security or public interest. As a result, it is uncertain whether and on what basis a PRC court
  would enforce a judgment rendered by a court in the United States.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dacheng
  Law Firm also advised us that in the event that shareholders originate an action against a company without domicile in China for
  disputes related to contracts or other property interests, the PRC courts may accept a course of action if (a) the disputed contract
  was concluded or performed in the PRC, or the disputed subject matter is located in the PRC, (b) the company (as defendant) has
  properties that can be seized within the PRC, (c) the company has a representative organization within the PRC, (d) the parties
  choose to submit to jurisdiction of the PRC courts in the contract, or (e) the contract is executed or performed within the PRC.
  The action may be initiated by the shareholder through filing a complaint with the PRC courts. The PRC courts will determine whether
  to accept the complaint in accordance with the PRC Civil Procedures Law. The shareholder may participate in the action by itself
  or entrust any other person or PRC legal counsel to participate on behalf of such shareholder. Foreign citizens and companies
  will have the same right as PRC citizens and companies in an action unless such foreign country restricts the rights of PRC citizens
  and companies.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
  may have difficulty in establishing adequate management and financial controls in China.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  PRC has only recently begun to adopt the management and financial reporting concepts and practices that investors in the U.S.
  are familiar with. We may have difficulty in hiring and retaining employees in China who have the experience necessary to implement
  the kind of management and financial controls that are required of a U.S. public company. If we cannot establish such controls,
  or if we are unable to collect the financial data required for the preparation of our financial statements, or if we are unable
  to keep our books and accounts in accordance with the U.S. accounting standards for business, we may not be able to continue to
  file required reports with the SEC, which would likely have a material adverse effect on the performance of our shares of common
  stock.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>WFOE&rsquo;s
  ability to pay dividends to us may be restricted due to foreign exchange control and other regulations of China.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
  an offshore holding company, we may rely principally on dividends from our subsidiaries in China, WFOE and PFL, for our cash requirements.
  Under the applicable PRC laws and regulations, foreign-invested enterprises in China may pay dividends only out of their accumulated
  profits, if any, determined in accordance with PRC accounting standards and regulations. In addition, a foreign-invested enterprise
  in China is required to set aside a portion of its after-tax profit to fund specific reserve funds prior to payment of dividends.
  In particular, at least 10% of its after-tax profits based on PRC accounting standards each year is required to be set aside towards
  its general reserves until the accumulative amount of such reserves reach 50% of its registered capital. These reserves are not
  distributable as cash dividends.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Furthermore,
  WFOE&rsquo;s and PFL&rsquo;s ability to pay dividends may be restricted due to foreign exchange control policies and the availability
  of its cash balance. Substantially all of our operations are conducted in China and all of our revenue received, by WFOE through
  VIE arrangement and by PFL, are denominated in RMB. RMB is subject to exchange control regulation in China, and, as a result,
  WFOE and PFL may be unable to distribute any dividends outside of China due to PRC exchange control regulations that restrict
  our ability to convert RMB into U.S. dollars.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  lack of dividends or other payments from WFOE may limit our ability to make investments or acquisitions that could be beneficial
  to our business, pay dividends or otherwise fund, and conduct our business. Our funds may not be readily available to us to satisfy
  obligations which have been incurred outside the PRC, which could adversely affect our business and prospects or our ability to
  meet our cash obligations. Accordingly, if we do not receive dividends from WFOE or PFL, our liquidity and financial condition
  will be materially and adversely affected.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>There
  is uncertainty in the preferential tax treatment we currently enjoy and financial subsidy commitment we expect to enjoy. Any change
  in the preferential tax treatment we currently enjoy in the PRC may materially adversely impact our net income.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Effective
  January 1, 2008, the New Enterprise Income Tax Law of PRC stipulates that domestically owned enterprises and foreign invested
  enterprises (the &ldquo;FIEs&rdquo;) are subject to a uniform income tax rate of 25%. While the New Enterprise Income Tax Law
  equalizes the income tax rates for FIEs and domestically owned enterprises, preferential tax treatment may continue to be given
  to companies in certain encouraged sectors and to entities classified as high-technology companies, regardless of whether these
  are domestically-owned enterprises or FIEs. Pursuant to the Jiangsu Document No. 132 issued in November 2009, microcredit companies
  in Jiangsu Province are subject to a preferential tax rate of 12.5%. As a result, Wujiang Luxiang has been subject to the preferential
  income tax rate of 12.5% since its inception in 2008. The taxation practice implemented by the tax authority governing our business
  from 2008 through 2011 was that we paid enterprise income taxes at a rate of 25% on a quarterly basis, and upon annual tax settlement
  done by the Company and the tax authority within five (5) months after December 31, the tax authority refunded us the excess enterprise
  income taxes we paid beyond the rate of 12.5% in tax credit. In 2013and 2012 the tax authority allowed us to pay enterprise income
  tax, on a monthly basis, at 12.5% for our income generated from our direct loan business and at 25% for income generated from
  our guarantee business. During the twelve-month period ended December 31, 2013, we paid an aggregate $2,191,329 for income tax.
  We received a refund of $985,332 in April 2014. The refund is the difference between actual income tax prepayment, which is made
  at 25% for income generated from both our direct loan business and our guarantee business, and the income tax expense, which is
  calculated at 12.5% for direct loan and 25% for our guarantee business. In addition, Wujiang Luxiang has been subject to business
  tax at the preferential rate of 3% since its inception in 2008.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
  April 2012 Wujiang Luxiang received a notice from local tax authority, informing us that only income generated from Wujiang Luxiang&rsquo;s
  direct loan business was qualified to enjoy a preferential income tax rate of 12.5% and business tax of 3% under the Jiangsu Document
  No. 132, but its taxable income arising from Wujiang&rsquo;s other business such as the guarantee business was still subject to
  a standard tax rate of 25% for income tax and 5% for business tax. The local tax authority required Wujiang Luxiang to implement
  the above-mentioned policy starting with the tax filing for 2011 which was filed in April 2012, and the policy applies to all
  years thereafter. The impact of the changed policy on the income tax provision on the issued financial statements of 2011 was
  $225,445. However, we believe the underpayment was comparatively minimal as it only accounted for less than 3% of net income of
  2011, thus it recorded the underpayment of $225,445 in the financial statements for financial year of 2012. There was no underpayment
  penalty assessed. Furthermore, such tax policy change may be applied retroactively to financial year of 2008, 2009 and 2010. Although
  we have not received any notice from local tax authority to request Wujiang Luxiang to make any underpayment with surcharge, there
  is no assurance that the local tax authority will not do so in the future.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
  is a risk that the competent tax authority may decide that Wujiang Luxiang will not be eligible for the preferential tax rates
  for the direct loan business in the future. Moreover, the PRC government could eliminate any of these preferential tax treatments
  before their scheduled expiration. Expiration, reduction or elimination of such preferential tax treatments will increase our
  income tax expenses and in turn decrease our net income.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
  is uncertainty in the policy at the state and provincial levels as to how the direct loan and guarantee businesses carried out
  by the microcredit companies shall be treated with regard to income tax and business tax. If the tax authority determines that
  the income tax, business tax or other applicable tax we previously paid were less than what was required, we may be requested
  to make payment for the overdue tax and interest on the overdue payment.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
  addition, pursuant to an agreement PFL has with the WETDZ, PFL expects to receive a financial award equal to 100% of the portion
  of the enterprise income tax proceeds contributed by PFL that is reserved by the WETDZ for the first five years following the
  date of its establishment, and will further receive a financial award equal to 50% of the portion of the enterprise income tax
  proceeds contributed by PFL that is reserved by the WETDZ for the following five years. PFL will receive a science and technology
  financial award from the WETDZ for up to approximately $325,000 (RMB 2 million) to be paid pro rata according to the actually
  contributed registered capital. In the event that the central government promulgates laws or regulations that expressly prohibit
  local governments from providing financial subsidies for enterprises&rsquo; income tax payment obligation, this agreement with
  WETDZ may be rendered illegal and/or unenforceable and therefore PFL&rsquo;s business plan may be negatively affected.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
  global income may be subject to PRC taxes under the PRC Enterprise Income Tax Law, which could have a material adverse effect
  on our results of operations.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
  the PRC Enterprise Income Tax Law, or the New EIT Law, and its implementation rules, which became effective in January 2008, an
  enterprise established outside of the PRC with a &ldquo;de facto management body&rdquo; located within the PRC is considered a
  PRC resident enterprise and will be subject to the enterprise income tax at the rate of 25% on its global income. The implementation
  rules define the term &ldquo;de facto management bodies&rdquo; as &ldquo;establishments that carry out substantial and overall
  management and control over the manufacturing and business operations, personnel and human resources, finance and treasury, and
  acquisition and disposition of properties and other assets of an enterprise.&rdquo; On April 22, 2009, the State Administration
  of Taxation (the &ldquo;SAT&rdquo;), issued a circular, or SAT Circular 82, which provides certain specific criteria for determining
  whether the &ldquo;de facto management body&rdquo; of a PRC-controlled enterprise that is incorporated offshore is located in
  China. Although the SAT Circular 82 only applies to offshore enterprises controlled by PRC enterprises or PRC enterprise groups,
  not those controlled by PRC individuals or foreigners, the determining criteria set forth in the SAT Circular 82 may reflect the
  SAT&rsquo;s general position on how the &ldquo;de facto management body&rdquo; text should be applied in determining the resident
  status of all offshore enterprises for the purpose of PRC tax, regardless of whether they are controlled by PRC enterprises or
  individuals. Although we do not believe that our legal entities organized outside of the PRC constitute PRC resident enterprises,
  it is possible that the PRC tax authorities could reach a different conclusion. In such case, we may be considered a PRC resident
  enterprise and may therefore be subject to the 25% enterprise income tax on our global income. If we are considered a resident
  enterprise and earn income other than dividends from our PRC subsidiary, a 25% enterprise income tax on our global income could
  significantly increase our tax burden and materially and adversely affect our cash flow and profitability. In addition to the
  uncertainty regarding how the new PRC resident enterprise classification for tax purposes may apply, it is also possible that
  the rules may change in the future, possibly with retroactive effect.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Fluctuations
  in the foreign currency exchange rate between U.S. Dollars and Renminbi could adversely affect our financial condition.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  value of the RMB against the U.S. dollar and other currencies may fluctuate. Exchange rates are affected by, among other things,
  changes in political and economic conditions and the foreign exchange policy adopted by the PRC government. On July 21, 2005,
  the PRC government changed its policy of pegging the value of the RMB to the U.S. dollar. Under the new policy, the RMB is permitted
  to fluctuate within a narrow and managed band against a basket of foreign currencies. Following the removal of the U.S. dollar
  peg, the RMB appreciated more than 20% against the U.S. dollar over three years. From July 2008 until June 2010, however, the
  RMB traded stably within a narrow range against the U.S. dollar. There remains significant international pressure on the PRC government
  to adopt a more flexible currency policy, which could result in a further and more significant appreciation of the RMB against
  foreign currencies. On June 20, 2010, the PBOC announced that the PRC government would reform the RMB exchange rate regime and
  increase the flexibility of the exchange rate. We cannot predict how this new policy will impact the RMB exchange rate.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  revenues and costs are mostly denominated in the RMB, and a significant portion of our financial assets are also denominated in
  the RMB. Any significant fluctuations in the exchange rate between the RMB and the U.S. dollar may materially adversely affect
  our cash flows, revenues, earnings and financial position, and the amount of and any dividends we may pay on our common stock
  in U.S. dollars. In addition, fluctuations in the exchange rate between the RMB and the U.S. dollar could also result in foreign
  currency translation losses for financial reporting purposes.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Future
  inflation in China may inhibit economic activity and adversely affect our operations.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Chinese economy has experienced periods of rapid expansion in recent years which can lead to high rates of inflation or deflation.
  This has caused the PRC government to, from time to time, enact various corrective measures designed to restrict the availability
  of credit or regulate growth and contain inflation. High inflation may in the future cause the PRC government to once again impose
  controls on credit and/or prices, or to take other action, which could inhibit economic activity in China. Any action on the part
  of the PRC government that seeks to control credit and/or prices may adversely affect our business operations.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>PRC
  laws and regulations have established more complex procedures for certain acquisitions of Chinese companies by foreign investors,
  which could make it more difficult for us to pursue growth through acquisitions in China.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Further
  to the Regulations on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors, or the New M&amp;A Rules, the Anti-monopoly
  Law of the PRC, the Rules of Ministry of Commerce on Implementation of Security Review System of Mergers and Acquisitions of Domestic
  Enterprises by Foreign Investors promulgated by MOFCOM or the MOFCOM Security Review Rules, was issued in August 2011, which established
  additional procedures and requirements that are expected to make merger and acquisition activities in China by foreign investors
  more time-consuming and complex, including requirements in some instances that MOFCOM be notified in advance of any change of
  control transaction in which a foreign investor takes control of a PRC enterprise, or that the approval from MOFCOM be obtained
  in circumstances where overseas companies established or controlled by PRC enterprises or residents acquire affiliated domestic
  companies. PRC laws and regulations also require certain merger and acquisition transactions to be subject to merger control review
  and or security review.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  MOFCOM Security Review Rules, effective from September 1, 2011, which implement the Notice of the General Office of the State
  Council on Establishing the Security Review System for Mergers and Acquisitions of Domestic Enterprises by Foreign Investors promulgated
  on February 3, 2011, further provide that, when deciding whether a specific merger or acquisition of a domestic enterprise by
  foreign investors is subject to the security review by MOFCOM, the principle of substance over form should be applied and foreign
  investors are prohibited from bypassing the security review requirement by structuring transactions through proxies, trusts, indirect
  investments, leases, loans, control through contractual arrangements or offshore transactions.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Further,
  if the business of any target company that we seek to acquire falls into the scope of security review, we may not be able to successfully
  acquire such company either by equity or asset acquisition, capital contribution or through any contractual arrangement. We may
  grow our business in part by acquiring other companies operating in our industry. Complying with the requirements of the relevant
  regulations to complete such transactions could be time consuming, and any required approval processes, including approval from
  MOFCOM, may delay or inhibit our ability to complete such transactions, which could affect our ability to maintain or expand our
  market share.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
  addition, SAFE promulgated the Circular on the Relevant Operating Issues concerning Administration Improvement of Payment and
  Settlement of Foreign Currency Capital of Foreign-invested Enterprises, or Circular 142, on August 29, 2008. Its subsequent Supplementary
  Notice on Issues Relating to the Improvement of Business Operations over Payment and Settlement of Foreign Exchange Capital of
  Foreign-Invested Enterprises was promulgated by SAFE on July 18, 2011. Under Circular 142, registered capital of a foreign-invested
  company settled in RMB converted from foreign currencies may only be used within the business scope approved by the applicable
  governmental authority and may not be used for equity investments in the PRC. In addition, foreign-invested companies may not
  change how they use such capital without SAFE&rsquo;s approval, and may not in any case use such capital to repay RMB loans if
  they have not used the proceeds of such loans according to the loan agreement. Furthermore, SAFE promulgated a circular on November
  19, 2012, or Circular 59, which requires the authenticity of settlement of net proceeds from offshore offerings to be closely
  examined and the net proceeds to be settled in the manner described in the offering documents. Circular 142 and Circular 59 may
  significantly limit our ability to effectively use the proceeds from future financing activities as the WFOE may not convert the
  funds received from us in foreign currencies into RMB, which may adversely affect our liquidity and our ability to fund and expand
  our business in the PRC.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Failure
  to comply with the United States Foreign Corrupt Practices Act could subject us to penalties and other adverse consequences.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
  our ultimate holding Company is a Delaware corporation, we are subject to the United States Foreign Corrupt Practices Act, which
  generally prohibits United States companies from engaging in bribery or other prohibited payments to foreign officials for the
  purpose of obtaining or retaining business. Foreign companies, including some that may compete with us, are not subject to these
  prohibitions. Corruption, extortion, bribery, pay-offs, theft and other fraudulent practices may occur from time-to-time in the
  PRC. Our employees or other agents may engage in such conduct for which we might be held responsible. If our employees or other
  agents are found to have engaged in such practices, we could suffer severe penalties and other consequences that may have a material
  adverse effect on our business, financial condition and results of operations.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Recent
  SEC&rsquo;s administrative proceedings against the China affiliates of the five multi-national accounting firms may lead to the
  deregistering of Chinese accounting firms by the PCAOB, which may affect our ability to engage qualified independent auditors.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  SEC recently commenced administrative proceedings against BDO China Dahua Co. Ltd., Deloitte Touche Tohmatsu Certified Public
  Accountants Ltd., Ernst &amp; Young Hua Ming LLP, KPMG Huazhen (Special General Fund) and PricewaterhouseCoopers Zhong Tian CPAs
  Limited for refusing to produce audit work papers and other documents related to PRC-based companies under investigation by the
  SEC for potential accounting fraud against U.S. investors. The SEC has launched an initiative to address concerns arising from
  reverse mergers and foreign issuers. The SEC charged these accounting firms with violations of the Securities Exchange Act and
  the Sarbanes-Oxley Act, which requires foreign public accounting firms to provide, upon the request of the SEC, audit work papers
  involving any company trading on U.S. markets. Under PRC law, auditors are not permitted to hand over audit work papers as books
  and records of Chinese companies are afforded protection of secrecy laws. We are not in a position to assess the outcome or ramifications
  of these ongoing proceedings and investigations. Unless the PRC government changes its secrecy laws, there are risks that the
  Public Company Accounting Oversight Board (&ldquo;PCAOB&rdquo;) may deregister Chinese accounting firms whose audit work papers
  the PCAOB cannot inspect and such deregistering of Chinese accounting firms by the PCAOB would, in turn, make it difficult for
  us to engage qualified independent auditors.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>If
  we become directly subject to the recent scrutiny, criticism and negative publicity involving U.S.-listed Chinese companies, we
  may have to expend significant resources to investigate and resolve the matter which could harm our business operations, and our
  reputation and could result in a loss to our stockholders, especially if such matter cannot be addressed and resolved favorably.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recently,
  U.S. public companies that have substantially all of their operations in China, have been the subject of intense scrutiny, criticism
  and negative publicity by investors, financial commentators and regulatory agencies, such as the SEC. Much of the scrutiny, criticism
  and negative publicity has centered around financial and accounting irregularities, a lack of effective internal controls over
  financial accounting, inadequate corporate governance policies or a lack of adherence thereto and, in many cases, allegations
  of fraud. As a result of the scrutiny, criticism and negative publicity, the publicly traded stock of many U.S. listed Chinese
  companies has sharply decreased in value and, in some cases, has become virtually worthless. Many of these companies are now subject
  to shareholder lawsuits and SEC enforcement actions and are conducting internal and external investigations into the allegations.
  It is not clear what effect this sector-wide scrutiny, criticism and negative publicity will have on our company and our business.
  If we become the subject of any unfavorable allegations, whether such allegations are proven to be true or untrue, we will have
  to expend significant resources to investigate such allegations and/or defend the Company. This situation may be a major distraction
  to our management. If such allegations are not proven to be groundless, our company and business operations will be severely hampered
  and your investment in our stock could be rendered worthless.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
  disclosures in our reports and other filings with the SEC and our other public pronouncements are not subject to the scrutiny
  of any regulatory bodies in the PRC.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  reports and other filings with the SEC are subject to SEC review in accordance with the rules and regulations promulgated by the
  SEC under the Securities Act and the Exchange Act. Our SEC filings and other disclosure and public pronouncements are not subject
  to the review or scrutiny of any PRC regulatory authority. For example, the disclosure in our SEC reports and other filings are
  not subject to the review by CSRC, a PRC regulator that is tasked with oversight of the capital markets in China. Accordingly,
  you should review our SEC reports, filings and our other public pronouncements with the understanding that no local regulator
  has done any review of our company, our SEC reports, other filings or any of our other public pronouncements.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
  Relating to Our Corporate Structure</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
  conduct our lending and guarantee business through Wujiang Luxiang by means of contractual arrangements. If the PRC courts or
  administrative authorities determines that these contractual arrangements do not comply with applicable regulations, we could
  be subject to severe penalties and our business could be adversely affected. In addition, changes in such Chinese laws and regulations
  may materially and adversely affect our business.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
  are uncertainties regarding the interpretation and application of PRC laws, rules and regulations, including but not limited
  to the laws, rules and regulations governing the validity and enforcement of the contractual arrangements between WFOE and
  each of Wujiang Luxiang. Although we were advised by our PRC counsel,<FONT STYLE="background-color: white"> Dacheng Law
  Offices</FONT>, that based on their understanding of the current PRC laws, rules and regulations, the structure for operating
  our business in China (including our corporate structure and contractual arrangements with Wujiang Luxiang and its
  shareholders) comply with all applicable PRC laws, rules and regulations, and do not violate, breach, contravene or otherwise
  conflict with any applicable PRC laws, rules or regulations, the PRC courts or regulatory authorities may determine that our
  corporate structure and contractual arrangements violate PRC laws, rules or regulations. We are aware of a recent case
  involving Chinachem Financial Services where certain contractual arrangements for a Hong Kong Company to gain economic
  control over a PRC Company were declared to be void by the PRC Supreme People&rsquo;s Court. If the PRC courts or regulatory
  authorities determine that our contractual arrangements are in violation of applicable PRC laws, rules or regulations, our
  contractual arrangements will become invalid or unenforceable.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
  WFOE, Wujiang Luxiang or their ownership structure or the contractual arrangements, are determined to be in violation of any existing
  or future PRC laws, rules or regulations, or WFOE, or Wujiang Luxiang fails to obtain or maintain any of the required governmental
  permits or approvals, the relevant PRC regulatory authorities would have broad discretion in dealing with such violations, including:</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">revoking
      the business and operating licenses of WFOE, or Wujiang Luxiang;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">discontinuing
      or restricting the operations of WFOE or Wujiang Luxiang;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">imposing
      conditions or requirements with which we, WFOE or Wujiang Luxiang may not be able to comply;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">requiring
      us, WFOE or Wujiang Luxiang to restructure the relevant ownership structure or operations;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">restricting
      or prohibiting our use of the proceeds from our initial public offering to finance our business and operations in China; or</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">imposing
      fines.</FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  imposition of any of these penalties would severely disrupt our ability to conduct business and have a material adverse effect
  on our financial condition, results of operations and prospects.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
  or around September 2011, various media sources reported that the China Securities Regulatory Commission (the &ldquo;CSRC&rdquo;)
  had prepared a report proposing pre-approval by a competent central government authority of offshore listings by China-based companies
  with variable interest entity structures, such as ours, that operate in industry sectors subject to foreign investment restrictions.
  However, it is unclear whether the CSRC officially issued or submitted such a report to a higher level government authority or
  what any such report provides, or whether any new PRC laws or regulations relating to variable interest entity structures will
  be adopted or what they would provide. If our ownership structure, contractual arrangements or businesses of Wujiang Luxiang are
  found to be in violation of any existing or future PRC laws or regulations, the relevant governmental authorities, including the
  CSRC, would have broad discretion in dealing with such violation, including levying fines, confiscating our income or the income
  of Wujiang Luxiang, revoking the business licenses or operating licenses of Wujiang Luxiang, discontinuing or placing restrictions
  or onerous conditions on our operations, requiring us to undergo a costly and disruptive restructuring, restricting or prohibiting
  our use of proceeds from overseas financings to finance our business and operations in China, and taking other regulatory or enforcement
  actions that could be harmful to our business. Any of these actions could cause significant disruption to our business operations
  and severely damage our reputation, which would in turn materially and adversely affect our business, financial condition and
  results of operations.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 9pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
  contractual arrangements with Wujiang Luxiang may not be effective in providing control over Wujiang Luxiang.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
  of our current revenue and net income is derived from Wujiang Luxiang. According to our inquiries with Jiangsu provincial authorities,
  provincial direct foreign controlling equity ownership in for-profit companies engaged in rural microcredit services in Jiangsu
  Province has never been approved and such position will not change in the foreseeable future. Therefore, we do not intend to have
  an equity ownership interest in Wujiang Luxiang but rely on contractual arrangements with Wujiang Luxiang to control and operate
  its business. However, these contractual arrangements may not be effective in providing us with the necessary control over Wujiang
  Luxiang and its operations. Any deficiency in these contractual arrangements may result in our loss of control over the management
  and operations of Wujiang Luxiang, which will result in a significant loss in the value of an investment in our company. Because
  of the practical restrictions on direct foreign equity ownership imposed by the Jiangsu provincial government authorities, we
  must rely on contractual rights through our VIE structure to effect control over and management of Wujiang Luxiang, which exposes
  us to the risk of potential breach of contract by the shareholders of Wujiang Luxiang. In addition, as Wujiang Luxiang is jointly
  owned by its shareholders, it may be difficult for us to change our corporate structure if such shareholders refuse to cooperate
  with us.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
  failure to comply with PRC regulations relating to mergers and acquisitions of domestic enterprises by offshore special purpose
  vehicles may subject us to severe fines or penalties and create other regulatory uncertainties regarding our corporate structure.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
  August 8, 2006, MOFCOM, joined by the CSRC, the State-owned Assets Supervision and Administration Commission of the State Council,
  the SAT, the State Administration for Industry and Commerce (the &ldquo;SAIC&rdquo;), and SAFE, jointly promulgated regulations
  entitled the Provisions Regarding Mergers and Acquisitions of Domestic Enterprises by Foreign Investors (the &ldquo;M&amp;A Rules&rdquo;),
  which took effect as of September 8, 2006, and as amended on June 22, 2009. This regulation, among other things, has certain provisions
  that require offshore special purpose vehicles formed for the purpose of acquiring PRC domestic companies and controlled directly
  or indirectly by PRC individuals and companies, to obtain the approval of MOFCOM prior to engaging in such acquisitions and to
  obtain the approval of the CSRC prior to publicly listing their securities on an overseas stock market. On September 21, 2006,
  the CSRC published on its official website a notice specifying the documents and materials that are required to be submitted for
  obtaining CSRC approval.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  application of the M&amp;A Rules with respect to our corporate structure remains unclear, with no current consensus existing among
  leading PRC law firms regarding the scope and applicability of the M&amp;A Rules. We believe that the MOFCOM and CSRC approvals
  under the M&amp;A Rules were not required in the context of our share exchange transaction because at such time the share exchange
  was a foreign related transaction governed by foreign laws, not subject to the jurisdiction of PRC laws and regulations. However,
  we cannot be certain that the relevant PRC government agencies, including the CSRC and MOFCOM, would reach the same conclusion,
  and we cannot be certain that MOFCOM or the CSRC will not deem that the transactions effected by the share exchange circumvented
  the M&amp;A Rules, and other rules and notices, or that prior MOFCOM or CSRC approval is required for overseas financing. Further,
  we cannot rule out the possibility that the relevant PRC government agencies, including MOFCOM, would deem that the M&amp;A Rules
  required us or our entities in China to obtain approval from MOFCOM or other PRC regulatory agencies in connection with WFOE&rsquo;s
  control of Wujiang Luxiang through contractual arrangements.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
  the CSRC, MOFCOM, or another PRC regulatory agency subsequently determines that CSRC, MOFCOM or other approval was required for
  the share exchange transaction and/or the VIE arrangements between WFOE and Wujiang Luxiang, or if prior CSRC approval for overseas
  financings is required and not obtained, we may face severe regulatory actions or other sanctions from MOFCOM, the CSRC or other
  PRC regulatory agencies. In such event, these regulatory agencies may impose fines or other penalties on our operations in the
  PRC, limit our operating privileges in the PRC, delay or restrict the repatriation of the proceeds from overseas financings into
  the PRC, restrict or prohibit payment or remittance of dividends to us or take other actions that could have a material adverse
  effect on our business, financial condition, results of operations, reputation and prospects, as well as the trading price of
  our common stock. The CSRC or other PRC regulatory agencies may also take actions requiring us, or making it advisable for us,
  to delay or cancel overseas financings, to restructure our current corporate structure, or to seek regulatory approvals that may
  be difficult or costly to obtain.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  M&amp;A Rules, along with certain foreign exchange regulations discussed below, will be interpreted or implemented by the relevant
  government authorities in connection with our future offshore financings or acquisitions, and we cannot predict how they will
  affect our acquisition strategy. For example, Wujiang Luxiang&rsquo;s ability to remit its profits to us, or to engage in foreign-currency-denominated
  borrowings, may be conditioned upon compliance with the SAFE registration requirements by such Chinese domestic residents, over
  whom we may have no control.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
  <!-- Field: Page; Sequence: 25; Value: 1 -->
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Regulations
  relating to offshore investment activities by PRC residents may limit our ability to acquire PRC companies and could adversely
  affect our business.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
  July 2014, SAFE promulgated the&nbsp;<I>Circular on Issues Concerning Foreign Exchange Administration Over the Overseas Investment
  and Financing and Roundtrip Investment by Domestic Residents Via Special Purpose Vehicles</I>, or Circular 37, which replaced
  Relevant<I>&nbsp;Issues Concerning Foreign Exchange Control on Domestic Residents&rsquo; Corporate Financing and Roundtrip Investment
  through Offshore Special Purpose Vehicles</I>, or Circular 75. Circular 37 requires PRC residents to register with local branches
  of SAFE in connection with their direct establishment or indirect control of an offshore entity, referred to in Circular 37 as
  a &ldquo;special purpose vehicle&rdquo; for the purpose of holding domestic or offshore assets or interests. Circular 37 further
  requires amendment to a PRC resident&rsquo;s registration in the event of any significant changes with respect to the special
  purpose vehicle, such as an increase or decrease in the capital contributed by PRC individuals, share transfer or exchange, merger,
  division or other material event. Under these regulations, PRC residents&rsquo; failure to comply with specified registration
  procedures may result in restrictions being imposed on the foreign exchange activities of the relevant PRC entity, including the
  payment of dividends and other distributions to its offshore parent, as well as restrictions on capital inflows from the offshore
  entity to the PRC entity, including restrictions on its ability to contribute additional capital to its PRC subsidiaries. Further,
  failure to comply with the SAFE registration requirements could result in penalties under PRC law for evasion of foreign exchange
  regulations.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
  Circular 37 is newly-issued, it is unclear how these regulations will be interpreted and implemented. In addition, different local
  SAFE branches may have different views and procedures as to the interpretation and implementation of the SAFE regulations, and
  it may be difficult for our ultimate shareholders or beneficial owners who are PRC residents to provide sufficient supporting
  documents required by the SAFE or to complete the required registration with the SAFE in a timely manner, or at all. Any failure
  by any of our shareholders who is a PRC resident, or is controlled by a PRC resident, to comply with relevant requirements under
  these regulations could subject us to fines or sanctions imposed by the PRC government, including restrictions on WFOE&rsquo;s
  ability to pay dividends or make distributions to us and on our ability to increase our investment in the WFOE.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
  agreements with Wujiang Luxiang are governed by the laws of the PRC and we may have difficulty in enforcing any rights we may
  have under these contractual arrangements.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
  all of our contractual arrangements with Wujiang Luxiang are governed by the PRC laws and provide for the resolution of disputes
  through arbitration in the PRC, they would be interpreted in accordance with PRC law and any disputes would be resolved in accordance
  with PRC legal procedures. The legal environment in the PRC is not as developed as in the United States. As a result, uncertainties
  in the PRC legal system could further limit our ability to enforce these contractual arrangements. Furthermore, these contracts
  may not be enforceable in China if PRC government authorities or courts take a view that such contracts contravene PRC laws and
  regulations or are otherwise not enforceable for public policy reasons. In the event we are unable to enforce these contractual
  arrangements, we may not be able to exert effective control over Wujiang Luxiang, and our ability to conduct our business may
  be materially and adversely affected.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
  Wujiang Luxiang Shareholders have potential conflicts of interest with us, which may adversely affect our business.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
  ultimate individual shareholders of the 11 Chinese entities and Mr. Huichun Qin, which collectively own 100% of Wujiang Luxiang&rsquo;s
  outstanding equity interests, or their representatives, are beneficial owners of shares of common stock of CCC through their BVI
  entities. Equity interests held by each of these shareholders in CCC is less than its interest in Wujiang Luxiang as a result
  of our introduction of outside investors as shareholders of CCC. In addition, such shareholders&rsquo; equity interest in our
  company will be further diluted as a result of any future offering of equity securities. As a result, conflicts of interest may
  arise as a result of such dual shareholding and governance structure.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
  such conflicts arise, these shareholders may not act in our best interests and such conflicts of interest may not be resolved
  in our favor. In addition, these shareholders may breach or cause Wujiang Luxiang to breach or refuse to renew the VIE Agreements
  that allow us to exercise effective control over Wujiang Luxiang and to receive economic benefits from Wujiang Luxiang. Delaware
  law provides that directors owe a fiduciary duty to a company, which requires them to act in good faith and in the best interests
  of the company and not to use their positions for personal gain. If we cannot resolve any conflicts of interest or disputes between
  us and such shareholders or any future beneficial owners of Wujiang Luxiang, we would have to rely on arbitral or legal proceedings
  to remedy the situation. Such arbitral and legal proceedings may cost us substantial financial and other resources and result
  in disruption of our business, the outcome of which may adversely affect the Company.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>If
  Wujiang Luxiang, or PFL fail to maintain the requisite registered capital, licenses and approvals required under PRC law, our
  business, financial condition and results of operations may be materially and adversely affected.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Foreign
  investment is highly regulated by the PRC government and the foreign investment in the lending industry is restricted by local
  authorities. Numerous regulatory authorities of the central PRC government, provincial and local authorities are empowered to
  issue and implement regulations governing various aspects of the lending industry. Foreign investment in the financial leasing
  industry is also subject to foreign investment regulations. Each of Wujiang Luxiang and PFL are required to obtain and maintain
  certain assets relevant to its business as well as applicable licenses or approvals from different regulatory authorities in order
  to provide their current services. These registered capital and licenses are essential to the operation of our business and are
  generally subject to annual review by the relevant governmental authorities. Furthermore, Wujiang Luxiang and PFL may be required
  to obtain additional licenses. If we fail to obtain or maintain any of the required registered capital, licenses or approvals,
  our continued business operations in the lending, and leasing industries may subject us to various penalties, such as confiscation
  of illegal net revenue, fines and the discontinuation or restriction of our operations. Any such disruption in the business operations
  of Wujiang Luxiang or PFL will materially and adversely affect our business, financial condition and results of operations.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
  Relating to Our Securities</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Trading
  of our common stock on NASDAQ has been suspended since September 11, 2014.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  have received requests from NASDAQ related to additional information surrounding the Transfer at Issue. If we are not able to
  respond to the additional information requests by NASDAQ to the satisfaction of NASDAQ, then the trading halt of our common stock
  will not be lifted and it is possible that NASDAQ will initiate a delisting procedure.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
  our common stock is delisted from NASDAQ and transferred to the over-the-counter market, the spreads between the bid and ask prices
  for our common stock may increase and the execution time for orders may be longer. The delisting of our common stock from NASDAQ
  may result in decreased liquidity, thereby making the trading of our common stock more difficult. In addition, delisting from
  the NASDAQ might negatively impact our reputation and, as a consequence, our business.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Even
  if our common stock resumes trading, it may be thinly traded and our stockholders may be unable to sell at or near ask prices
  or at all if they need to sell their shares to raise money or otherwise desire to liquidate their shares.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  common stock may be &ldquo;thinly-traded&rdquo;, meaning that the number of persons interested in purchasing our common stock
  at or near bid prices at any given time may be relatively small or non-existent. This situation may be attributable to a number
  of factors, including the fact that we are a small company which is relatively unknown to stock analysts, stock brokers, institutional
  investors and others in the investment community that generate or influence sales volume, and that even if we came to the attention
  of such persons, they tend to be risk-averse and might be reluctant to follow an unproven company such as ours or purchase or
  recommend the purchase of our shares until such time as we became more seasoned. As a consequence, there may be periods of several
  days or more when trading activity in our shares is minimal or non-existent, as compared to a seasoned issuer which has a large
  and steady volume of trading activity that will generally support continuous sales without an adverse effect on share price. Broad
  or active public trading market for our common stock may not develop or be sustained.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#toc">Table of Contents</A>&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
  market price for our common stock may be volatile.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  market price for our common stock may be volatile and subject to wide fluctuations due to factors such as:</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      perception of U.S. investors and regulators of U.S. listed Chinese companies;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">actual
      or anticipated fluctuations in our quarterly operating results;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">changes
      in financial estimates by securities research analysts;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">negative
      publicity, studies or reports;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">conditions
      in Chinese credit markets;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">changes
      in the economic performance or market valuations of other microcredit companies;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">announcements
      by us or our competitors of acquisitions, strategic partnerships, joint ventures or capital commitments;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">addition
      or departure of key personnel;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">fluctuations
      of exchange rates between RMB and the U.S. dollar; and</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">general
      economic or political conditions in China.</FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
  addition, the securities market has from time to time experienced significant price and volume fluctuations that are not related
  to the operating performance of particular companies. These market fluctuations may also materially and adversely affect the market
  price of our common stock.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Volatility
  in our common stock price may subject us to securities litigation.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  market for our common stock may have, when compared to seasoned issuers, significant price volatility and we expect that our share
  price may continue to be more volatile than that of a seasoned issuer for the indefinite future. In the past, plaintiffs have
  often initiated securities class action litigation against a company following periods of volatility in the market price of its
  securities. We may, in the future, be the target of similar litigation. Securities litigation could result in substantial costs
  and liabilities and could divert management&rsquo;s attention and resources.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>As
  an &ldquo;emerging growth company&rdquo; under applicable law, we will be subject to lessened disclosure requirements. Such reduced
  disclosure may make our common stock less attractive to investors.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
  as long as we remain an &ldquo;emerging growth company&rdquo; as defined in the JOBS Act, we will elect to take advantage of certain
  exemptions from various reporting requirements that are applicable to other public companies that are not &ldquo;emerging growth
  companies&rdquo;, including, but not limited to, not being required to comply with the auditor attestation requirements of Section
  404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in our periodic reports and proxy
  statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder
  approval of any golden parachute payments not previously approved. Because of these lessened regulatory requirements, our stockholders
  would be left without information or rights available to stockholders of more mature companies. If some investors find our common
  stock less attractive as a result, there may be a less active trading market for our common stock and our stock price may be more
  volatile.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
  status as an &ldquo;emerging growth company&rdquo; under the JOBS Act may make it more difficult to raise capital when we need
  to do it.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Because
  of the exemptions from various reporting requirements provided to us as an &ldquo;emerging growth company&rdquo;, we may be less
  attractive to investors and it may be difficult for us to raise additional capital as and when we need it. If we are unable to
  raise additional capital as and when we need it, our financial condition and results of operations may be materially and adversely
  affected.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
  will incur increased costs and demands upon management as a result of complying with the laws and regulations that affect public
  companies, which could materially adversely affect our results of operations, financial condition, business and prospects.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
  a public company and particularly after we cease to be an &ldquo;emerging growth company,&rdquo; we will incur significant legal,
  accounting and other expenses that we did not incur as a private company, including costs associated with public company reporting
  and corporate governance requirements. These requirements include compliance with Section 404(b) and other provisions of the Sarbanes-Oxley
  Act, as well as Section 14 rules implemented by the SEC and NASDAQ. In addition, our management team will also have to adapt to
  the requirements of being a public company. We expect that compliance with these rules and regulations will substantially increase
  our legal and financial compliance costs and will make some activities more time-consuming and costly.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"></P>
  
  <!-- Field: Page; Sequence: 28; Value: 1 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#toc">Table of Contents</A>&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  increased costs associated with operating as a public company will decrease our net income or increase our net loss, and may require
  us to reduce costs in other areas of our business or increase the prices of our products or services. Additionally, if these requirements
  divert our management&rsquo;s attention from other business concerns, they could have a material adverse effect on our results
  of operations, financial condition, business and prospects.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
  are obligated to develop and maintain proper and effective internal control over financial reporting. We may not complete our
  analysis of our internal control over financial reporting in a timely manner, or these internal controls may not be determined
  to be effective, which may adversely affect investor confidence in our company and, as a result, the value of our common stock.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  will be required, pursuant to Section 404 of the Sarbanes-Oxley Act, to furnish a report by management on, among other things,
  the effectiveness of our internal control over financial reporting for fiscal 2014, the first fiscal year beginning after our
  initial public offering. This assessment will need to include disclosure of any material weaknesses identified by our management
  in our internal control over financial reporting and, after we cease to be an &ldquo;emerging growth company,&rdquo; a statement
  that our independent registered public accounting firm has issued an opinion on our internal control over financial reporting.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  are in the early stages of the costly and challenging process of compiling the system and processing documentation necessary to
  perform the evaluation needed to comply with Section 404. We may not be able to complete our evaluation, testing and any required
  remediation in a timely fashion. During the evaluation and testing process, if we identify one or more material weaknesses in
  our internal control over financial reporting, we will be unable to assert that our internal controls are effective.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
  we are unable to assert that our internal control over financial reporting is effective, or if, when required, our independent
  registered public accounting firm is unable to express an opinion on the effectiveness of our internal controls, we could lose
  investor confidence in the accuracy and completeness of our financial reports, which would cause the price of our common stock
  to decline, and we may be subject to investigation or sanctions by the SEC.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  will be required to disclose changes made in our internal controls and procedures on a quarterly basis. However, our independent
  registered public accounting firm will not be required to formally attest to the effectiveness of our internal control over financial
  reporting pursuant to Section 404 until the later of the year following our first annual report required to be filed with the
  SEC, or the date we are no longer an &ldquo;emerging growth company&rdquo; as defined in the JOBS Act, if we take advantage of
  the exemptions contained in the JOBS Act. We will remain an &ldquo;emerging growth company&rdquo; for up to five years. However,
  if the market value of our common stock that is held by non-affiliates exceeds $700 million as of any July 31 before that time,
  our revenues exceed $1 billion, or we issue more than $1 billion in non-convertible debt in a three-year period, we would cease
  to be an &ldquo;emerging growth company&rdquo; as of the following January 31. To comply with the requirements of being a public
  company, we may need to undertake various actions, such as implementing new internal controls and procedures and hiring accounting
  or internal audit staff.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  independent registered public accounting firm is not required to formally attest to the effectiveness of our internal control
  over financial reporting until the later of the year following our first annual report required to be filed with the SEC, or the
  date we are no longer an &ldquo;emerging growth company.&rdquo; At such time, our independent registered public accounting firm
  may issue a report that is adverse in the event it is not satisfied with the level at which our controls are documented, designed
  or operating. Our remediation efforts may not enable us to avoid a material weakness in the future.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"></P>
  
  <!-- Field: Page; Sequence: 29; Value: 1 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#toc">Table of Contents</A>&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Provisions
  in our By-laws and Delaware laws might discourage, delay or prevent a change of control of our company or changes in our management
  and, therefore, depress the trading price of our common stock.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Provisions
  of our by-laws and Delaware laws may discourage, delay or prevent a merger, acquisition or other change in control that stockholders
  may consider favorable, including transactions in which you might otherwise receive a premium for your shares of our common stock.
  These provisions may also prevent or frustrate attempts by our stockholders to replace or remove our management. These provisions
  include:</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="width: 4%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="width: 92%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      inability of stockholders to act by written consent or to call special meetings;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      ability of our board of directors to make, alter or repeal our by-laws; and</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      ability of our board of directors to designate the terms of and issue new series of preferred stock without stockholder approval.</FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
  addition, we are subject to Section 203 of the Delaware General Corporation Law, which generally prohibits a Delaware corporation
  from engaging in any of a broad range of business combinations with an interested stockholder for a period of three years following
  the date on which the stockholder became an interested stockholder, unless such transactions are approved by our board of directors.
  The existence of the foregoing provisions and anti-takeover measures could limit the price that investors might be willing to
  pay in the future for shares of our common stock. They could also deter potential acquirers of our company, thereby reducing the
  likelihood that you could receive a premium for your common stock in an acquisition.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 45pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
  elimination of monetary liability against our directors, officers and employees under our certificate of incorporation and the
  existence of indemnification of our directors, officers and employees under Delaware law may result in substantial expenditures
  by us and may discourage lawsuits against our directors, officers and employees.</I></B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
  certificate of incorporation contains provisions which eliminate the liability of our directors for monetary damages to us and
  our stockholders to the maximum extent permitted under the corporate laws of Delaware. We may also provide contractual indemnification
  obligations under agreements with our directors, officers and employees. These indemnification obligations could result in our
  incurring substantial expenditures to cover the cost of settlement or damage awards against directors, officers and employees,
  which we may be unable to recoup. These provisions and resultant costs may also discourage us from bringing a lawsuit against
  directors, officers and employees for breach of their fiduciary duties, and may similarly discourage the filing of derivative
  litigation by our shareholders against our directors, officers and employees even though such actions, if successful, might otherwise
  benefit the Company and our shareholders.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_005"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>USE
  OF PROCEEDS</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  Company will not receive any proceeds from the sale of the shares by the Selling Stockholders. We will receive proceeds from the
  exercise of the options; however, no assurance can be given as to when or if any or all of the options will be exercised. If any
  options are exercised, the proceeds derived therefrom will be used for working capital and general corporate purposes. All expenses
  of the registration of the shares will be paid by us. See &ldquo;Selling Stockholders&rdquo; and &ldquo;Plan of Distribution.&rdquo;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_006"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SELLING
  STOCKHOLDERS</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt; background-color: white">This
  reoffer prospectus relates to our Common Stock that are being registered for reoffers and resales by selling stockholders who
  have acquired or may acquire shares pursuant to the 2014 Incentive Plan. Offers and sales by selling stockholders who are our
  &ldquo;affiliates&rdquo; (as such term is defined in Rule 405 under the Securities Act) are also covered by this reoffer prospectus.
  The selling stockholders are our prior, current and future officers and directors (or any of their respective assigns) who have
  acquired or may acquire in the future shares of our Common stock under the 2014 Incentive Plan. The selling stockholders may,
  from time to time, resell all, a portion or none of the shares of our Common stock covered by this reoffer prospectus. There is
  no assurance that any of the selling stockholders will sell any or all of the shares offered by them under this reoffer prospectus.
  The address for each of the selling stockholders listed below is c/o China Commercial Credit, Inc., 890 Yongkang Road, Wujang,
  Suzhou, Jiangsu Province People&rsquo;s Republic of China, and our telephone number is +86 (10) 8494-5799. The information contained
  in this table reflects &ldquo;beneficial&rdquo; ownership. As of November 21, 2016, the Company had 16,637,679Common Stock outstanding.
  Beneficial ownership information reflected in the table includes shares issuable within 60 days of the date hereof upon the exercise
  of outstanding options/warrants issued by the Company at their initial exercise prices.&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt; background-color: white">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
  changed information will be set forth in an amendment to the registration statement or supplement to this reoffer prospectus,
  to the extent required by law.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="border-bottom: black 1.5pt solid; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name</B></FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Position,</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Office, or</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Other</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Material</B></FONT><BR>
  <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Relationship</B></FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid">
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Beneficially Owned</B></P>
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>by the Selling</B></P>
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Stockholder</B></P></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid">
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Which may be sold under</B></P>
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>this Reoffer Prospectus by</B></P>
          <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>the Selling Stockholder</B></P></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="width: 60%; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">John Levy</FONT></TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD>
      <TD STYLE="width: 15%; text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD>
      <TD STYLE="width: 9%; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29,250</FONT></TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD>
      <TD STYLE="width: 9%; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29,250</FONT></TD>
      <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
      <TD STYLE="line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Long Yi</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CFO and Director</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">415,000</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">415,000</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jinggen Ling</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Former Director</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">270,000</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">270,000</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
      <TD STYLE="line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Yang Jie</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Advisor</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 1.5pt solid; line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">300,000</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 1.5pt solid; line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">300,000</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
      <TD STYLE="line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shanchun Huang</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Advisor </FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 1.5pt solid; line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">300,000</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 1.5pt solid; line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">300,000</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
      <TD STYLE="line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total:</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 4.5pt double; line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 4.5pt double; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,314,250</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 4.5pt double; line-height: 107%">&nbsp;</TD>
      <TD STYLE="border-bottom: black 4.5pt double; text-align: right; line-height: 107%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,314,250</FONT></TD>
      <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;<B>&nbsp;</B></FONT></P>
  
  
  <!-- Field: Page; Sequence: 30; Value: 1 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#toc">Table of Contents</A>&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_007"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PLAN
  OF DISTRIBUTION</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
  this section of the reoffer prospectus, the term &ldquo;selling stockholder&rdquo; means and includes:</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      persons identified in the table above as the selling stockholders;</FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: left; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif">&#9679;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">those
      persons whose identities are not known as of the date hereof but may in the future be eligible to receive stock or options
      under the Plans; and</FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif">&#9679;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any
      of the donees, pledgees, distributees, transferees or other successors in interest of those persons referenced above who may:
      (a)&nbsp;receive any of the shares of our Common stock offered hereby after the date of this reoffer prospectus and (b)&nbsp;offer
      or sell those shares hereunder.</FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: .5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  shares of our Common stock offered by this reoffer prospectus may be sold from time to time directly by the selling stockholders.
  Alternatively, the selling stockholders may from time to time offer such shares through underwriters, brokers, dealers, agents
  or other intermediaries. The selling stockholders as of the date of this reoffer prospectus have advised us that there were no
  underwriting or distribution arrangements entered into with respect to the Common stock offered hereby. The distribution of the
  Common stock by the selling stockholders may be effected: in one or more transactions that may take place on the Nasdaq Capital
  Market (including one or more block transaction) through customary brokerage channels, either through brokers acting as agents
  for the selling stockholders, or through market makers, dealers or underwriters acting as principals who may resell these shares
  on the Nasdaq Capital Market; in privately-negotiated sales; by a combination of such methods; or by other means. These transactions
  may be effected at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at other
  negotiated prices. Usual and customary or specifically negotiated brokerage fees or commissions may be paid by the selling stockholders
  in connection with sales of our Common stock.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: .5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  selling stockholders may enter into hedging transactions with broker-dealers in connection with distributions of the shares or
  otherwise. In such transactions, broker-dealers may engage in short sales of the shares of our Common stock in the course of hedging
  the positions they assume with the selling stockholders. The selling stockholders also may sell shares short and redeliver the
  shares to close out such short positions. The selling stockholders may enter into option or other transactions with broker-dealers
  which require the delivery to the broker-dealer of shares of our Common stock. The broker-dealer may then resell or otherwise
  transfer such shares of Common stock pursuant to this reoffer prospectus.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  selling stockholders also may lend or pledge shares of our Common stock to a broker-dealer. The broker-dealer may sell the shares
  of Common stock so lent, or upon a default the broker-dealer may sell the pledged shares of Common stock pursuant to this reoffer
  prospectus. Any securities covered by this reoffer prospectus which qualify for sale pursuant to Rule 144 may be sold under Rule
  144 rather than pursuant to this reoffer prospectus.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  selling stockholders have advised us that they have not entered into any agreements, understandings or arrangements with any underwriters
  or broker-dealers regarding the sale of their securities. There is no underwriter or coordinating broker acting in connection
  with the proposed sale of shares of Common stock of the selling stockholders.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although
  the shares of Common stock covered by this reoffer prospectus are not currently being underwritten, the selling stockholders or
  their underwriters, brokers, dealers or other agents or other intermediaries, if any, that may participate with the selling security
  holders in any offering or distribution of Common stock may be deemed &ldquo;underwriters&rdquo; within the meaning of the Act
  and any profits realized or commissions received by them may be deemed underwriting compensation thereunder.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
  applicable rules and regulations under the Exchange Act, any person engaged in a distribution of shares of the Common stock offered
  hereby may not simultaneously engage in market making activities with respect to the Common stock for a period of up to five days
  preceding such distribution. The selling stockholders will be subject to the applicable provisions of the Exchange Act and the
  rules and regulations promulgated thereunder, including without limitation Regulation M, which provisions may limit the timing
  of purchases and sales by the selling stockholders.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"></P>
  
  <!-- Field: Page; Sequence: 31; Value: 1 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#toc">Table of Contents</A>&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
  order to comply with certain state securities or blue sky laws and regulations, if applicable, the Common stock offered hereby
  will be sold in such jurisdictions only through registered or licensed brokers or dealers. In certain states, the Common stock
  may not be sold unless they are registered or qualified for sale in such state, or unless an exemption from registration or qualification
  is available and is obtained.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
  will bear all costs, expenses and fees in connection with the registration of the Common stock offered hereby. However, the selling
  stockholders will bear any brokerage or underwriting commissions and similar selling expenses, if any, attributable to the sale
  of the shares of Common stock offered pursuant to this reoffer prospectus. We have agreed to indemnify certain of the selling
  security holders against certain liabilities, including liabilities under the Act, or to contribute to payments to which any of
  those security holders may be required to make in respect thereof.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: .5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
  can be no assurance that the selling stockholders will sell any or all of the securities offered by them hereby.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_008"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LEGAL
  MATTERS</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  validity of the shares of our Common stock being offered herein has been passed upon for us by Hunter Taubman Fischer&amp; Li,
  LLC.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_009"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXPERTS</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Marcum Bernstein
  &amp; Pinchuk LLP, an independent registered public accounting firm, has audited our financial statements incorporated by reference
  in this prospectus for&nbsp;the years ended December 31, 2015 and December 31, 2014. Our financial statements for&nbsp;the years
  ended December 31, 2015 and December 31, 2014 are incorporated by reference in reliance on the reports of Marcum Bernstein &amp;
  Pinchuk LLP, given upon its authority as experts in accounting and auditing.</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_010"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHERE
  YOU CAN FIND MORE INFORMATION</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
  prospectus is part of a Registration Statement on Form S-8 that we filed with the SEC. Certain information in the Registration
  Statement has been omitted from this prospectus in accordance with the rules of the SEC. We file annual, quarterly and special
  reports, proxy statements and other information with the SEC. You can inspect and copy the Registration Statement as well as reports,
  proxy statements and other information we have filed with the SEC at the public reference room maintained by the SEC at 100 F
  Street N.E. Washington, D.C. 20549, You can obtain copies from the public reference room of the SEC at 100 F Street N.E. Washington,
  D.C. 20549, upon payment of certain fees. You can call the SEC at 1-800-732-0330 for further information about the public reference
  room. We are also required to file electronic versions of these documents with the SEC, which may be accessed through the SEC&rsquo;s
  World Wide Web site at http://www.sec.gov.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;No
  dealer, salesperson or other person is authorized to give any information or to make any representations other than those contained
  in this prospectus, and, if given or made, such information or representations must not be relied upon as having been authorized
  by us. This prospectus does not constitute an offer to buy any security other than the securities offered by this prospectus,
  or an offer to sell or a solicitation of an offer to buy any securities by any person in any jurisdiction where such offer or
  solicitation is not authorized or is unlawful. Neither delivery of this prospectus nor any sale hereunder shall, under any circumstances,
  create any implication that there has been no change in the affairs of our company since the date hereof.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><A NAME="a_011"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DISCLOSURE
  OF COMMISSION POSITION ON INDEMNIFICATION FOR</B><BR>
  <B>SECURITIES LAW LIABILITIES</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Delaware
  law and our articles of association provide that we may indemnify our directors, officers, advisors and trustee acting in relation
  to any of our affairs against actions, proceedings, costs, charges, losses, damages and expenses incurred by reason of any act
  done or omitted in the execution of their duty in their capacities as such. Under our articles of association and Delaware common
  law, indemnification is not available, however, if those events were incurred or sustained by or through their own dishonesty,
  fraud, gross negligence, willful neglect or default. While our Articles of Association explicitly prohibit indemnification in
  cases involving willful neglect or default, the Cayman Island common law extends this prohibition to cases involving dishonesty,
  fraud and gross negligence.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Insofar
  as indemnification for liabilities arising under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;) may
  be permitted to our directors, officers and controlling persons (within the meaning of the Securities Exchange Act) pursuant to
  the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such
  indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. See also Registrant&rsquo;s
  undertakings in Section&nbsp;9 of this Registration Statement.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHINA
  COMMERCIAL CREDIT, INC.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1,314,250</B>  <B>Shares of Common
  stock</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Par Value $0.001 Per
  Share</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REOFFER PROSPECTUS</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>November 23, 2016</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
  <!-- Field: Page; Sequence: 32; Value: 1 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#toc">Table of Contents</A>&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PART
  II</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INFORMATION
  REQUIRED IN THE REGISTRATION STATEMENT</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="width: 0px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD NOWRAP STYLE="width: 58px; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ITEM
      3.</B></FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><A NAME="a_012"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INCORPORATION
      OF CERTAIN DOCUMENTS BY REFERENCE.</B></FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36pt">China Commercial
  Credit, Inc. (the &ldquo;Registrant&rdquo;) hereby incorporates by reference in this Registration Statement the following documents
  and information previously filed with the Commission:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
  following documents are incorporated in this Prospectus by reference:</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: -9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="width: 0.5in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="width: 0.25in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      Company&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2015;</FONT></TD></TR>
  
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      Company&rsquo;s Proxy Statement on Schedule 14A, as filed with the SEC on December 11, 2014;</FONT></TD></TR>
  
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      Company&rsquo;s Quarterly Report on Form 10-Q for the periods ended March 31, 2016;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      Company&rsquo;s Quarterly Report on Form 10-Q for the periods ended June 30, 2016</FONT></TD></TR>
  
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      Company&rsquo;s Quarterly Report on Form 10-Q for the periods ended September 30, 2016;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      Company&rsquo;s current reports on Form 8-K filed on September 27, 2016;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      Company&rsquo;s current reports on Form 8-K filed on September 15, 2016;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      Company&rsquo;s current reports on Form 8-K filed on June 23, 2016;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      Company&rsquo;s current reports on Form 8-K filed on June 13, 2016;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
      Company&rsquo;s current reports on Form 8-K filed on June 2, 2016;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: left; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
  Company&rsquo;s current reports on Form 8-K filed on April 28, 2016</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD>&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  
  <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)</FONT></TD>
      <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the Company&rsquo;s current reports on Form 8-K filed
  on April 26, 2016</FONT></TD></TR>
  
  <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)</FONT></TD>
      <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the Company&rsquo;s current reports on Form 8-K filed
  on February 29, 2016 &nbsp;</FONT></TD></TR>
  
  <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD>&nbsp;</TD>
      <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)</FONT></TD>
      <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the description of the Common Stock, $0.001 par value
  per share, contained in the Registrant&rsquo;s registration statement on Form S-1 filed with the Commission on June 7, 2013 pursuant
  to Section 12(b) of the Exchange Act and all amendments or reports filed by us for the purpose of updating those descriptions.
  &nbsp;</FONT></TD></TR>
  </TABLE>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"></P>
  
  <!-- Field: Page; Sequence: 33; Options: NewSection; Value: 1 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#toc">Table of Contents</A>&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
  documents subsequently filed by the Registrant pursuant to Section&nbsp;13(a), 13(c), 14 or 15(d) of the Securities Exchange Act
  of 1934 (the &ldquo;1934 Act&rdquo;) and prior to the filing of a post-effective amendment which indicates that all securities
  offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference
  in this registration statement and to be a part hereof from the date of filing such documents. Any statement contained in this
  registration statement shall be deemed to be modified or superseded to the extent that a statement contained in a subsequently
  filed document which is, or is deemed to be, incorporated by reference herein modifies or supersedes such statement. Any statement
  so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration
  statement. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed
  to be modified or superseded for purposes of this registration statement to the extent that a statement contained in any other
  subsequently filed document that is or is deemed to be incorporated by reference herein, modifies or supersedes such statement.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="width: 0.6in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ITEM
      4.</B></FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DESCRIPTION
      OF SECURITIES.</B></FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
  applicable.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="width: 0.6in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ITEM
      5.</B></FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INTERESTS
      OF NAMED EXPERTS AND COUNSEL.</B></FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">None&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="width: 0.6in; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ITEM
      6.</B></FONT></TD>
      <TD STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>INDEMNIFICATION
      OF DIRECTORS AND OFFICERS.</B></FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Delaware
  law and our articles of association provide that we may indemnify our directors, officers, advisors and trustee acting in relation
  to any of our affairs against actions, proceedings, costs, charges, losses, damages and expenses incurred by reason of any act
  done or omitted in the execution of their duty in their capacities as such. Under our articles of association and Delaware common
  law, indemnification is not available, however, if those events were incurred or sustained by or through their own dishonesty,
  fraud, gross negligence, willful neglect or default. While our Articles of Association explicitly prohibit indemnification in
  cases involving willful neglect or default, the Cayman Island common law extends this prohibition to cases involving dishonesty,
  fraud and gross negligence.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Insofar
  as indemnification for liabilities arising under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;) may
  be permitted to our directors, officers and controlling persons (within the meaning of the Securities Exchange Act) pursuant to
  the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such
  indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. See also Registrant&rsquo;s
  undertakings in Section&nbsp;9 of this Registration Statement.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
      <TD STYLE="width: 0.6in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ITEM&nbsp;7.</B></FONT></TD>
      <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXEMPTION FROM REGISTRATION CLAIMED.</B> &nbsp;</FONT></TD></TR>
  </TABLE>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Not
  applicable.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ITEM&nbsp;8.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="vertical-align: top; width: 0.6in; border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXHIBIT</B></FONT></TD>
      <TD STYLE="vertical-align: bottom; width: 0.1in; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1</FONT></TD>
      <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Opinion
      of&nbsp;Hunter Taubman Fischer&amp; Li, LLC</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.1</FONT></TD>
      <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent
      of&nbsp;Hunter Taubman Fischer&amp; Li, LLC&nbsp;(included in Exhibit&nbsp;5.1)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.2</FONT></TD>
      <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent
      of Marcum Bernstein &amp; Pinchuk LLP</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24.1</FONT></TD>
      <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Power
      of Attorney (included in the signature page&nbsp;to this Registration Statement)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
      <TD STYLE="vertical-align: bottom; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif"><P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">China Commercial Credit, Inc. 2014 Equity Incentive Plan
  (incorporated by reference to Annex A in the Company&rsquo;s Definitive 14A filed on December 11, 2014)</P>
  
  
  
  </TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>
  
  <!-- Field: Page; Sequence: 34; Value: 1 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#toc">Table of Contents</A>&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ITEM
  9. UNDERTAKINGS.</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;The
  Registrant hereby undertakes:</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 18pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;(1)&nbsp;To
  file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)&nbsp;To
  include any prospectus required by Section&nbsp;10(a)(3)&nbsp;of the Securities Act;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: 18pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;To
  reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent
  post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
  forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
  the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
  end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule&nbsp;424(b)&nbsp;if,
  in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price
  set forth in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective Registration Statement;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: 18pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;To
  include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement
  or any material change to such information in the Registration Statement;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Provided,
  however</I>, that paragraphs (a)(1)(a)&nbsp;and (a)(1)(b)&nbsp;do not apply if the Registration Statement is on Form&nbsp;S-8
  and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports
  filed with or furnished to the SEC by the Registrant pursuant to Section&nbsp;13 or 15(d)&nbsp;of the Exchange Act that are incorporated
  by reference in the Registration Statement.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 18pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)&nbsp;That,
  for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be
  a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall
  be deemed to be the initial&nbsp;<I>bona fide&nbsp;</I>offering thereof.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 18pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)&nbsp;To
  remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at
  the termination of the offering.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)&nbsp;The
  Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&rsquo;s
  annual report pursuant to Section&nbsp;13(a)&nbsp;or 15(d)&nbsp;of the Exchange Act (and, where applicable, each filing of an
  employee benefit plan&rsquo;s annual report pursuant to Section&nbsp;15(d)&nbsp;of the Exchange Act) that is incorporated by reference
  in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and
  the offering of such securities at that time shall be deemed to be the initial&nbsp;<I>bona fide&nbsp;</I>offering thereof.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)&nbsp;Insofar
  as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons
  of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
  SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the
  event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
  or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
  is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant
  will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
  jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
  be governed by the final adjudication of such issue.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  
  <!-- Field: Page; Sequence: 35; Value: 1 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#toc">Table of Contents</A>&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNATURES</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify">Pursuant to the requirements
  of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements
  for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
  duly authorized, in the City of Wujiang, Jiangsu Province China, this 23rd day of November, 2016.</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt; text-align: justify"></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CHINA
   COMMERCIAL CREDIT, INC.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
      <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 35%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
      Mingjie     Zhao</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mingjie
      Zhao</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
      Executive Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Principal
      Executive Officer)</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
      <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
      Long     Yi</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Long
      Yi</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
      Financial Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Principal
      Accounting and Financial Officer)</FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;<B>&nbsp;</B></FONT></P>
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Power
  of Attorney</B></FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">KNOW
  ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Mingjie Zhao and Long Yi
  and each of them, his or her true and lawful attorneys-in-fact and agents, each with full power of substitution and re-substitution,
  for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective
  amendments) to this Registration Statement and any and all related registration statements pursuant to Rule 462(b) of the Securities
  Act, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
  Commission, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their substitute or
  substitutes, may lawfully do or cause to be done by virtue hereof.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
  to the requirements of the Securities Act of 1933, the following persons in the capacities and on the dates indicated have signed
  this Registration Statement or Amendment thereto on Form S-8.</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: top">
      <TD STYLE="width: 40%; border-bottom: black 1.5pt solid; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNATURE</B></FONT></TD>
      <TD STYLE="width: 2%; line-height: 115%">&nbsp;</TD>
      <TD STYLE="width: 40%; border-bottom: black 1.5pt solid; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TITLE</B></FONT></TD>
      <TD STYLE="width: 2%; line-height: 115%">&nbsp;</TD>
      <TD STYLE="width: 16%; border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>DATE</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="border-bottom: black 1.5pt solid; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/&nbsp;Mingjie Zhao</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Executive Officer and Director</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November 23, 2016</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mingjie Zhao</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Principal Executive Officer)</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="border-bottom: black 1.5pt solid; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/&nbsp;Long Yi</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief Financial Officer</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November 23, 2016</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Long Yi</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Principal Accounting and Financial Officer)</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="border-bottom: black 1.5pt solid; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/&nbsp;Teck Chuan Yeo</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November 23, 2016</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Teck Chuan Yeo</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="border-bottom: black 1.5pt solid; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/&nbsp;Weiliang Jie</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November 23, 2016</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Weiliang Jie</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="border-bottom: black 1.5pt solid; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/&nbsp;John F. Levy</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">November 23, 2016</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">John F. Levy</FONT></TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="line-height: 115%">&nbsp;</TD>
      <TD STYLE="text-align: center; line-height: 115%">&nbsp;</TD></TR>
  </TABLE>
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 36pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>
  
  
  <!-- Field: Page; Sequence: 36; Value: 1 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt"><A HREF="#toc">Table of Contents</A>&nbsp;</P></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="vertical-align: top; width: 0.6in; border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 0.7pt; padding-left: 0.7pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXHIBIT</B></FONT></TD>
      <TD STYLE="vertical-align: bottom; width: 0.1in; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; padding-right: 0.7pt; padding-left: 0.7pt; padding-bottom: 1.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Opinion
      of&nbsp;Hunter Taubman Fischer&amp; Li, LLC</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.1</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent
      of&nbsp;Hunter Taubman Fischer&amp; Li, LLC&nbsp;(included in Exhibit&nbsp;5.1)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.2</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consent
      of Marcum Bernstein &amp; Pinchuk LLP</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24.1</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Power
      of Attorney (included in the signature page&nbsp;to this Registration Statement)</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: White">
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
      <TD STYLE="vertical-align: bottom; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
      <TD STYLE="vertical-align: top; padding-right: 0.7pt; padding-left: 0.7pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">China Commercial Credit, Inc. 2014 Equity Incentive Plan
  (incorporated by reference to Annex A in the Company&rsquo;s Definitive 14A filed on December 11, 2014)</P>
  
  
  
  <FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></TD></TR>
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">II-5</P>
  
  
  
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metadata_filer: {"company-data": {"conformed-name": "China Commercial Credit Inc", "cik": "0001556266", "assigned-sic": "6021", "irs-number": "454077653", "state-of-incorporation": "DE"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-214779", "film-number": "162015598"}, "business-address": {"street1": "NO 890, YONGKANG ROAD", "street2": "WUJIANG DISTRICT", "city": "SUZHOU, JIANGSU PROVINCE", "state": "F4", "zip": "215200", "phone": "86-0512 6396-0022"}, "mail-address": {"street1": "NO 890, YONGKANG ROAD", "street2": "WUJIANG DISTRICT", "city": "SUZHOU, JIANGSU PROVINCE", "state": "F4", "zip": "215200"}}
text: UNITED
  STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington,
  D.C. 20549
  FORM S-8
  REGISTRATION STATEMENT
  UNDER
  THE SECURITIES ACT OF 1933
  CHINA
  COMMERCIAL CREDIT, INC.
  (Exact
  name of registrant as specified in charter)
  Delaware
  (State
  or jurisdiction of incorporation or organization)
  45-4077653
  (I.R.S.
  Employer Identification No.)
  NO.
  890, YONGKANG ROAD
  WUJIANG
  DISTRICTSUZHOU,
  JIANGSU
  PROVINCE F4 215200
  86-0512
  6396-0022
  (Address
  including zip code, and telephone number of
  registrant's
  principal executive offices)
  2014
  EQUITY INCENTIVE PLAN
  (Full
  title of the plan)
  National
  Registered Agents, Inc.
  160
  Green Dr STE 101
  Dover
  DE 19904
  (
  Name,
  address, including zip code, and
  telephone
  number of Agent for Service
  )
  with
  copies to:
  Joan
  Wu, Esq.
  Hunter Taubman Fischer&
  Li, LLC
  1450
  Broadway, 26
  th
  Floor
  New
  York, NY 10018
  Tel.
  No: 212-530-2208 Fax No: 212-202-6380
  Approximate
  date of proposed sale to the public:
  As soon as practicable after this registration statement becomes effective.
  If
  the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please
  check the following box. ☐
  If
  any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
  the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check
  the following box. ☒
  If
  this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please
  check the following box and list the Securities Act registration statement number of the earlier effective registration statement
  for the same offering. ☐
  If
  this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list
  the Securities Act registrations statement number of the earlier effective registration statement for the same offering. ☐
  If
  delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box. ☐
  CALCULATION OF REGISTRATION FEE
  Title of each class
  of securities
  to be registered
  Amount to be
  registered
  (1)
  Proposed
  maximum
  offering price
  per share
  (2)
  Proposed
  maximum
  aggregate
  offering
  price
  Amount of
  registration fee
  Common Stock, par value $0.001 per share
  1,500,000 shares
  $
  1.61
  (1)
  $
  2,415,000
  $
  279.90
  TOTAL
  1,500,000 shares
  $
  2,415,000
  $
  279.90
  (1)
  Pursuant to Rules
  416(a) and (b) under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement shall
  also cover any additional shares of the Registrant's common stock that becomes issuable under the 2014 Equity Incentive Plan
  as set forth herein by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without
  receipt of consideration that increases the number of outstanding shares of the Registrant's common stock.
  (2)
  Estimated solely for
  purposes of calculating the registration fee in accordance with Rule 457 under the Securities Act based on the average of high
  and low prices of the Company's Common Stock on November 18, 2016, a date within five (5) business days prior to the date
  of filing this registration statement, as reported by the Nasdaq Capital Market ("
  Nasdaq
  ").
  Explanatory
  Note
  This Registration
  Statement (the "
  Registration Statement
  ") on Form S-8 of China Commercial Credit, Inc. (the "
  Company
  ")
  has been prepared in accordance with the requirements of Form S-8 under the Securities Act to register up to 1,500,000 shares of
  our Common Stock, par value $0.001 per share (the "
  Common stock
  ") to be issued under our 2014 Equity Incentive
  Plan (the
  "2014 Incentive Plan"
  ) to our affiliate, employees, directors, consultants and advisors.
  This Registration
  Statement contains two parts. The first part of this Registration Statement contains Section 10(a) prospectuses as well as a reoffer
  prospectus prepared in accordance with the requirements of Part I of Form S-3 (in accordance with the General Instruction C to
  Form S-8) which covers reoffers and resale of "control securities" (as such term is defined in General Instruction
  C to Form S-8) of the Company. The reoffer prospectus relates to the resale of up to 1,314,250 shares of Common Stock issued under the
  Company's 2014 Incentive Plan to various selling stockholders.
  The
  second part of this Registration Statement contains information required pursuant to Part II of Form S-8 and will be used for
  offers of Common stock that may be issued in connection with the 2014 Incentive Plan.
  PART
  I
  INFORMATION
  REQUIRED IN THE SECTION 10(a) PROSPECTUS
  The
  information specified in Item 1 and Item 2 of Part I of this Registration Statement on Form S-8 is omitted from this filing in
  accordance with the provisions of Rule 428 under the Securities Act and the introductory note to Part I of the Registration Statement
  on Form S-8. The documents containing the information specified in Part I will be delivered to the participants in the Plan covered
  by this Registration Statement as required by Rule 428(b) (1).
  The
  reoffer prospectus referred to in the explanatory note follows this page.
  CHINA COMMERCIAL CREDIT, INC.
  REOFFER PROSPECTUS
  1,314,250 SHARES OF COMMON
  STOCK
  ACQUIRED BY THE SELLING STOCKHOLDERS
  UNDER THE CHINA COMMERCIAL CREDIT,
  INC.
  2014 EQUITY INCENTIVE PLAN
  This Prospectus
  relates to shares of Common Stock, par value $0.001 per share (the "
  Common stock
  "), of China Commercial Credit,
  Inc., a Delaware company (the "Company"), which may be offered and sold from time to time by certain stockholders
  of the Company (the "Selling Stockholders") who have acquired or will acquire such shares pursuant to stock awards
  issuable under Company's 2014 Equity Incentive Plan (the "2014 Incentive Plan"). The Common stock offered
  hereby may be sold from time to time by the Selling Stockholders or by their pledgees, donees, transferees or other successors
  in interest. Such sales may be made in the public market or otherwise at prices and at terms then prevailing or at prices related
  to the then current market price, or in negotiated transactions. We will not receive any proceeds from sales made under this reoffer
  prospectus. The Selling Stockholders will bear all sales commissions and similar expenses. Any other expenses in connection with
  the registration and offering and not borne by the Selling Stockholders will be borne by us.
  Our
  Common stock are listed on Nasdaq Capital Market under the symbol "CCCR." On November 18, 2016, the closing price
  per share of our Common Stock was $1.52.
  Our
  principal executive offices are located at No. 1688, Yunli Road, Tongli, Wujiang, Jiangsu Province People's Republic of
  China.
  Investing
  in our securities being offered pursuant to this prospectus involves a high degree of risk. You should carefully read and consider
  the risk factors beginning on page 5 of this prospectus, as well as those included in the periodic and other reports we
  file with the Securities and Exchange Commission before you make your investment decision.
  Neither
  the Securities and Exchange Commission, any United States state securities commission, the Delaware Monetary Authority, nor any
  state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete.
  Any representation to the contrary is a criminal offense.
  The date of this prospectus is November
  23, 2016.
  TABLE
  OF CONTENTS
  Cautionary Note on Forward-Looking Information
  1
  Prospectus Summary
  2
  The Offering
  4
  Risk Factors
  5
  Use of Proceeds
  25
  Selling Stockholders
  25
  Plan of Distribution
  26
  Legal Matters
  27
  Experts
  27
  Where You Can Find More Information
  27
  Disclosure of Commission Position on Indemnification for Securities Law Liabilities
  27
  Incorporation of Certain Documents by Reference
  II-1
  You
  should rely only upon the information contained in this prospectus and the Registration Statement of which this prospectus is
  a part. We have not authorized any other person to provide you with different information. If anyone provides you with different
  or inconsistent information, you should not rely on it. We are not making an offer to sell these securities in any jurisdiction
  where the offer or sale is not permitted. You should assume the information appearing in this prospectus is accurate only as of
  the date on the front cover of this prospectus. Our business, financial condition, results of operations and prospects may have
  changed since that date. This prospectus is based on information provided by us and other sources that we believe are reliable.
  We have summarized certain documents and other information in a manner we believe to be accurate, but we refer you to the actual
  documents for a more complete understanding of what we discuss in this prospectus. In making an investment decision, you must
  rely on your own examination of our business and the terms of the offering, including the merits and risks involved.
  We
  obtained statistical data, market data and other industry data and forecasts used throughout, or incorporated by reference in,
  this prospectus from market research, publicly available information and industry publications. Industry publications generally
  state that they obtain their information from sources that they believe to be reliable, but they do not guarantee the accuracy
  and completeness of the information. Similarly, while we believe that the statistical data, industry data and forecasts and market
  research are reliable, we have not independently verified the data, and we do not make any representation as to the accuracy of
  the information. We have not sought the consent of the sources to refer to their reports appearing or incorporated by reference
  in this prospectus.
  CAUTIONARY
  NOTE ON FORWARD-LOOKING INFORMATION
  Certain
  statements contained in this prospectus constitute "forward-looking statements" as that term is defined under the
  Private Securities Litigation Reform Act of 1995 and releases issued by the SEC and within the meaning of Section 27A of the Securities
  Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "
  Exchange Act
  "). The words "believe,"
  "expect," "anticipate," "intend," "estimate," "plan" and other expressions
  which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking
  statements. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties
  and other factors, which may cause our actual results, performance or achievements to differ materially from anticipated future
  results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual
  results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to:
  (a) our projected revenues and profitability, (b) our growth strategies, (c) anticipated trends in our industry, (d) our future
  financing plans and (e) our anticipated needs for working capital.
  The
  foregoing does not represent an exhaustive list of risks. Please see "Risk Factors" herein for additional risks which
  could adversely impact our business and financial performance. Moreover, new risks emerge from time to time and it is not possible
  for our management to predict all risks, nor can we assess the impact of all risks on our business or the extent to which any
  risk, or combination of risks, may cause actual results to differ from those contained in any forward-looking statements. All
  forward-looking statements included in this prospectus are based on information available to us on the date of this prospectus.
  Except to the extent required by applicable laws or rules, we undertake no obligation to publicly update or revise any forward-looking
  statement, whether as a result of new information, future events or otherwise. All subsequent written and oral forward-looking
  statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements
  contained throughout this prospectus.
  1
  Table of Contents
  PROSPECTUS
  SUMMARY
  This
  summary highlights information contained elsewhere or incorporated by reference in this prospectus. Accordingly, it does not
  contain all of the information that may be important to you. You should read this entire prospectus carefully, including the
  information under "Risk Factors" and the financial statements and the notes thereto included elsewhere in this
  prospectus before making an investment decision.
  Except
  where the context otherwise requires and for purposes of this prospectus only:
  All references to "we,"
  "us," "our," "CCC," "Company," "Registrant" or similar terms used
  in this report refer to China Commercial Credit, Inc., a Delaware corporation ("CCC"), including its consolidated
  subsidiaries and variable interest entities ("VIE"), unless the context otherwise indicates. We conduct our business
  through
  three operating entities, Wujiang Luxiang Rural Microcredit Co., Ltd., a PRC company with limited liability by stock ("Wujiang
  Luxiang"), which is a VIE controlled by Wujiang Luxiang Information Technology Consulting Co., Ltd ("WFOE"),
  a wholly-owned subsidiary of ours, through a series of contractual arrangements, and Pride Financial Leasing (Suzhou) Co. Ltd
  ("PFL"), our wholly-owned indirect subsidiary.
  "PRC"
  or "China" refers to the People's Republic of China, excluding, for the purpose of this report, Taiwan, Hong
  Kong and Macau. "RMB" or "Renminbi" refers to the legal currency of China and "$", "US$"
  or "U.S. Dollars" refers to the legal currency of the United States.
  2
  Table of Contents
  THE
  COMPANY
  China Commercial
  Credit, Inc., is a financial services firm operating in China. Our mission is to fill the significant void in the market place
  by offering lending, financial guarantee and financial leasing products and services to a target market which has been significantly
  under-served by the traditional Chinese financial community. Our current operations consist of providing direct loans, loan guarantees
  and financial leasing services to small-to-medium sized businesses ("SMEs"), farmers and individuals in the city of
  Wujiang, Jiangsu Province.
  We
  have four business lines, lending, guarantee, financial leasing and P2P lending. For our lending and guarantee services, we
  generally provide direct loans and guarantee services, to borrowers located within City of Wujiang, Jiangsu Province of
  China. In our direct loan business, we provide short-term loans to the borrowers and generate interest income. In our
  guarantee business, we act as a guarantor to borrowers applying for short-term direct loans with other lenders and generate
  fee income. Our clients in both the direct loan and guarantee businesses are primarily SMEs, farmers and individuals who
  generally use the proceeds of the loans for business related purposes.
  Our
  loan and loan guarantee business is conducted through Wujiang Luxiang, a fully licensed microcredit company which we control through
  our subsidiaries and certain contractual arrangements. Our financial leasing business is conducted through PFL, our wholly owned
  subsidiary. Historically, many SMEs and farmers have been borrowing at high interest rates from unregulated and often illegal
  lenders, referred to as "underground" lenders, to finance their operations and growth, contrary to the preferences
  of Chinese banking authorities. Such high interest rate borrowing makes it difficult for businesses to grow, and also exacerbates
  China's concerns about inflation. By operating through licensed and regulated businesses, we seek to bridge the gap between
  Chinese state-owned and commercial banks that have not traditionally served the capital needs of SMEs and higher interest rate
  "underground" lenders.
  Jiangsu,
  which is an eastern coastal province, has among the highest population density in China and is home to many of the world's
  leading exporters of electronic equipment, chemicals and textiles. As a result, the city of Wujiang ranks as one of the most economically
  successful cities in China. The SMEs, both in Jiangsu and other provinces in China, have historically been an under-served segment
  of the Chinese banking market. Due to the significant demand from SMEs, the number of microcredit companies in China is increasing
  rapidly. According to the People's Bank of China (the "PBOC"), there were approximately 8,910 microcredit companies
  in China with a total outstanding loan balance of over $149.5 billion (RMB941.0 billion) as of the end of 2015.
  Since
  Wujiang Luxiang's inception in October 2008, it has developed a large number of borrowers in Wujiang City. All of our loans
  are made from our sole office, located in Wujiang City. As of September 30, 2016, we have built a US$59.5 million portfolio of
  direct loans to 108 borrowers and a total of US$11.3 million in loan guarantees for 14 borrowers.
  During
  2014 and 2015, the microcredit companies in Wujiang area went through the most difficult time since their inceptions in 2008.
  Three of them went bankrupt while the remainder are struggling with high default rates due to the poor economic condition, especially
  the slow-down in the textile industry. The operations of Wujiang Luxiang were also affected. For the nine months ended September
  30, 2016, we had a revenue of $2 million and a net loss of $1 million compared to a loss of $56 million and net loss of $61 million
  for the year ended December 2015, a change of 104% and 98%, respectively. As a result of the deteriorating economic condition,
  we kept low amount of default loans in both our direct lending and guarantee business. The amount of underlying loans we guaranteed
  has been kept at $11.3 million and $11.7 million as of September 30 and December 31, 2015, respectively. As the rate of fees and
  commissions generated from the guarantee business has been decreasing, the Company decided that the revenue does not justify the
  default risks involved in the guarantee business, and therefore expects to further reduce the traditional guarantee business and
  hold off on pursuing the guarantee business to be provided via the Kaixindai Financing Services Jiangsu Co. Ltd ("Kaixindai")
  platform as previously planned. Management may actively resume the guarantee business in the future if economic conditions improve.
  Our
  financial leasing services are anticipated to be provided to a diverse base of customers, including textile and other manufacturing
  companies, railroads, port facilities, local bus, and rail companies and municipal governments. Customers will include existing
  clients of Wujiang Luxiang in addition to new clients. PFL, our wholly owned subsidiary, plans to provide leases on both new and
  used manufacturing equipment, medical devices, transportation vehicles and industrial equipment, purchased both domestically and
  from foreign suppliers, to meet its customer's needs. As of the date of this Annual Report, PFL entered into two financial
  leasing agreements for an aggregate of $5.61 million in lease receivables. We do not currently have further funds to deploy in
  the financial leasing business and plan to hold off expansion of the leasing business until the economic environment improves.
  Our
  principal executive offices are located at No. 1688, Yunli Road, Tongli, Wujang, Suzhou, Jiangsu Province People's Republic
  of China. Our telephone number at this address is +86 (0512) 6396-0022. Our Common Stockis traded on the NASDAQ Capital Market
  under the symbol "CCCR."
  Our
  Internet website, www.chinacommercialcredit.com, provides a variety of information about our Company. We do not incorporate by
  reference into this prospectus the information on, or accessible through, our website, and you should not consider it as part
  of this prospectus. Our annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed with
  the United States Securities and Exchange Commission (the "SEC") are available, as soon as practicable after filing,
  at the investors' page on our corporate website, or by a direct link to its filings on the SEC's free website.
  3
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  THE
  OFFERING
  Outstanding Common
  Stock Prior to the Offering
  16,637,679 shares of our Common stock issued and outstanding as of November 21, 2016 (1)
  Common stock being offered
  by Selling Stockholders
  Up to 1,314,250
      shares.
  Use of Proceeds
  We will not receive any proceeds from the sale of our Common stock by the Selling Stockholders. We would, however, receive proceeds upon the exercise of awards (including options) received under the 2014 Incentive Plan. Any cash proceeds will be used by us for working capital and general corporate purposes.
  Risk Factors
  The securities offered by this prospectus are speculative and involve a high degree of risk. Investors purchasing securities should not purchase the securities unless they can afford the loss of their entire investment. See "Risk Factors" beginning on page 5.
  Nasdaq Symbol
  CCCR
  (1)
  Does not include 1,750,000 warrants to purchase an additional 875,000 shares of Common Stock issuable upon the exercise of
  such warrants.
  4
  Table of Contents
  RISK
  FACTORS
  You
  should carefully consider the following material risk factors and other information in this report. If any of the following
  risks actually occur, our business, financial condition, results of operations and prospects for growth could be seriously impacted.
  As a result, the trading price, if any, of our common stock could decline and you could lose part or all of your investment.
  Risks
  Relating to Our Lending and Guarantee Business
  Our
  limited operating history makes it difficult to evaluate our business and prospects and we may not be able to adapt to the changing
  market condition.
  Wujiang
  Luxiang commenced operations in October 2008 and has a limited operating history. It is difficult to evaluate our prospects, as
  we may not have sufficient experience in addressing the risks to which companies operating in new and rapidly evolving markets
  such as the microcredit industry, may be exposed. We will continue to encounter risks and difficulties that companies at a similar
  stage of development frequently experience, including the potential failure to:
  ●
  timely
      respond to the liquidity changes driven by PBOC's policy and manage the credit risk inherent to our loan and guarantee
      business;
  ●
  obtain
      sufficient working capital and increase our registered capital to support expansion of our loan and guarantee portfolios;
  ●
  comply
      with any changes in the laws and regulations of the PRC or local province that may affect our lending operations;
  ●
  expand
      our borrowers base;
  ●
  collect
      from default borrowers;
  ●
  maintain
      adequate control of default risks and expenses allowing us to realize anticipated revenue growth;
  ●
  implement
      our customer development, risk management and acquisition strategies and adapt and modify them as needed;
  ●
  integrate
      any future acquisitions; and
  ●
  anticipate
      and adapt to changing conditions in the Chinese lending industry resulting from changes in government regulations, mergers
      and acquisitions involving our competitors, and other significant competitive and market dynamics.
  As
  a matter of fact, for the nine months ended September 30, 2016, we had a revenue of $2 million and a net loss of $1 million compared
  to a loss of $56 million and net loss of $61 million in 2015, a change of 104% and 98%, respectively. If we are unable to address
  any or all of the foregoing risks, our business may be materially and adversely affected.
  PRC
  regulation of loans to, and direct investments in, PRC entities by offshore holding companies and the unauthorized transfer of
  certain funds by our former chief executive officer have prevented us from using the entire proceeds from our initial public offering
  to increase the registered capital of Wujiang Luxiang.
  As
  an offshore holding company with PRC subsidiaries, we may transfer funds to our PRC subsidiaries or finance our operating entity
  by means of loans or capital contributions. Any loans to our PRC subsidiaries, which are foreign-invested enterprises, cannot
  exceed statutory limits based on the difference between the amount of our investments and registered capital in such subsidiaries,
  and shall be registered with SAFE, State Administration of Foreign Exchange, or its local counterparts. Furthermore, any capital
  increase contributions we make to our PRC subsidiaries, which are foreign-invested enterprises, shall be approved by MOFCOM, Ministry
  of Commerce, or its local counterparts. The majority of the net proceeds from our initial public offering completed in August
  2013, approximately $7 million, is intended to increase the registered capital of Wujiang Luxiang and therefore its corresponding
  lending and guarantee capacity. Approximately $5.6 million of the net proceeds have already been contributed to Wujiang Luxiang
  and approved as an increase of the registered capital of Wujiang Luxiang. An additional $1.4 million was supposed to be transferred
  from WFOE to Wujiang Luxiang to further increase its registered capital. $1.5 million of the proceeds was initially transferred
  to WFOE to be used for the registered capital requirements of WFOE. Due to the subsequent reduction of WFOE's registered capital
  requirement from $10 million to $100,000, $100,000 was supposed to remain at WFOE to satisfy its new registered capital requirement
  and the remaining $1.4 million was supposed to be used to further increase the registered capital of Wujiang Luxiang. However,
  as previously reported by the Company, RMB 7 million (approximately $1.1 million) was transferred from the bank account of WFOE
  to the personal account of Mr. Huichun Qin, the Company's former CEO and Chairman of the Board. The Company has not been
  able to recover the missing funds. The delay and potential failure to use the remaining IPO proceeds to increase Wujiang Luxiang's
  registered capital, currently prevents us from further expanding Wujiang Luxiang's business.
  5
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  Our
  current operations in China are geographically limited to the city of Wujiang.
  In
  accordance with the PRC state and provincial laws and regulations with regard to microcredit companies, we are not allowed to
  make loans and provide guarantees to businesses and individuals located outside of the city of Wujiang.
  Our
  future growth opportunities depend on the growth and stability of the economy in the city of Wujiang. A downturn in the local
  economy
  or the implementation of local policies unfavorable to SMEs may cause a decrease in the demand for our loan
  or guarantee services and
  may negatively affect borrowers' ability to repay their
  loans on a timely basis, both of which could have a negative impact on our profitability and business.
  If
  the Jiangsu government subsidy we currently receive from the Jiangsu government for loans to farmers is not renewed, we would
  suffer a loss of revenues.
  Pursuant
  to certain Jiangsu government policies on promotion of rural economic reform, the interest on loans to farmers is subsidized by
  the government. Therefore, we charge the farmers at an interest rate lower than that of loans to SME's. A portion of the
  difference between the lower rate charged to farmers and the rate charged to SME's is remitted to us annually by the Jiangsu
  government as a government subsidy. We also received other types of government subsidies from Jiangsu government which are, among
  other things, intended to incentivize microcredit companies to establish and maintain strict financial operation systems. Applicants
  for these subsidies are required to apply for such subsidies annually. The standards for granting this subsidy is presently flexible
  and the number of applicants applying for such subsidies varies from year to year. In addition, the amount of funds which will
  be available for the Jiangsu government to use for these government subsidies each year is uncertain and depend on the needs of
  microeconomic development of Jiangsu province, the government's budget and other factors. In the event our application for
  such subsidy in the future is not granted or the funds we receive are reduced, we would suffer loss of revenues.
  Changes
  in the interest rates and spread could have a negative impact on our revenues and results of operations.
  Our
  revenues and financial condition are primarily dependent on interest income, which is the difference between interest earned from
  loans we provide and interest paid to the lines of credit we obtain from other financial institutions. A narrowing interest rate
  spread could adversely affect our earnings and financial conditions. If we are not able to control our funding costs or adjust
  our lending interest rate in a timely manner, our interest margin will decline. In addition, the interest rates we charge to the
  borrowers in our direct loan business are linked to the PBOC benchmark interest rate (the "PBOC Benchmark Rate").
  The PBOC Benchmark Rate may fluctuate significantly due to changes in the PRC government's monetary policy. Due to the restriction
  that our interest rate cannot be higher than three times the PBOC Benchmark Rate pursuant to certain Jiangsu banking regulations
  released in October 2012, if we have to reduce the interest rate we charge the borrowers to reflect the decrease of the PBOC Benchmark
  Rate, our interest rate spread will be negatively affected.
  As
  a microcredit company, our business is subject to greater credit risks than larger lenders, which could adversely affect our results
  of operations.
  There
  are inherent risks associated with our lending and guarantee activities, including credit risk, which is the risk that borrowers
  may not repay the outstanding loans balances in our direct loan business or that we may not recover the full amount of the payment
  we made to the lender in our guarantee business. As a microcredit company, we extend credits to SMEs, farmer and individuals.
  These borrowers generally have fewer financial resources in terms of capital or borrowing capacity than larger entities and may
  have fewer financial resources to weather a downturn in the economy. Such borrowers may expose us to greater credit risks than
  lenders lending to larger, better-capitalized state-owned businesses with longer operating histories. Conditions such as inflation,
  economic downturn, local policy change, adjustment of industrial structure and other factors beyond our control may increase our
  credit risk more than such events would affect larger lenders. In addition, since we are only permitted to provide financial services
  to borrowers located in the city of Wujiang, our ability to geographically diversify our economic risks is limited by the local
  markets and economies. Also, decreases in local real estate value could adversely affect the values of the real property used
  as collateral in our direct loan and guarantee business. Such adverse changes in the local economy may have a negative impact
  on the ability of borrowers to repay their loans and the value of our collateral and our results of operations and financial condition
  may be adversely affected.
  6
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  Our
  allowance for loan losses may not be sufficient to absorb future losses or prevent a material adverse effect on our business,
  financial condition, or results of operations.
  Our
  risk assessment procedure uses historical information to estimate any potential losses based on our experience, judgment, and
  expectations regarding our borrowers and the economic environment in which we and our borrowers operate. The allowance for both
  loan losses and guarantee services were estimated based on 1% of the quarterly outstanding loan and guarantee portfolio balances.
  To the extent the mandatory loan loss reserve rate of 1% as required by PBOC differs from management's estimates, the management
  elects to use the higher rate. We believe we are required to establish an allowance for loan losses pursuant to "
  The
  Guidance on Provisioning for Loan Losses
  " (the "Provision Guidance") issued by PBOC and "Financial
  Practices of Rural Microcredit Companies of Jiangsu Province Pilot" (the "Jiangsu Financial Practices") issued
  by Finance Office of Jiangsu Province in 2009. However, our implementation of the measurements set forth in the Provision Guidance
  and the Jiangsu Financial Practices, especially the Five-Tier approach in making the specific reserve, may be deemed not in compliance
  with the applicable banking regulations. Our loan loss reserves may not be sufficient to absorb future loan losses or prevent
  a material adverse effect on our business, financial condition, or results of operations.
  Increases
  to the provision for loan losses and provision on financial guarantee services
  will cause our net income to
  decrease.
  Our
  business is subject to fluctuations based on local economic conditions. These fluctuations are neither predictable nor within
  our control and may have a material adverse impact on our operations and financial condition. We may decide to increase our provision
  for loan losses and provision on financial guarantee services in light of the borrower's repayment ability and/or the lack
  of clarity in the applicable banking regulations with regard to microcredit companies. The regulatory authority may also require
  an increase in the provision for loan losses and provision on financial guarantee services or the recognition of further loan
  charge-offs, based on judgments different from those of our management. Any increase in the provision for loan losses and provision
  on financial guarantee services will result in a decrease in net income and may have a material adverse effect on our financial
  condition and results of operations.
  We
  lack significant product and business diversification. Accordingly, our future revenues and earnings are more susceptible to fluctuations
  than a more diversified company.
  Currently,
  our primary business activities include offering direct loans and providing guarantee services to our customers. If we are unable
  to maintain and grow the operating revenues from our business or develop additional revenue streams, our future revenues and earnings
  are not likely to grow and could decline. Our lack of significant product and business diversification could inhibit the opportunities
  for growth of our business, revenues and profits.
  Competition
  in the microcredit industry is growing and could cause us to lose market share and revenues in the future.
  We
  believe that the microcredit industry is an emerging market in China. We may face growing competition in the microcredit industry
  and we believe that the microcredit market is becoming more competitive as this industry matures and begins to consolidate. We
  currently compete with traditional financial institutions, other microcredit companies, and some cash-rich state-owned companies
  or individuals that lend to SMEs. Some of our competitors have larger and more established borrower bases and substantially greater
  financial, marketing and other resources than we have. As a result, we could lose market share and our revenues could decline,
  thereby adversely affecting our earnings and potential for growth.
  7
  Table of Contents
  If
  we fail to remediate the material weaknesses in our internal control over financial reporting that have been identified, we may
  be unable to accurately report our results of operations or prevent misstatements, and investor confidence and the market price
  of our common stock may be materially and adversely affected.
  Prior
  to our IPO, we were a private company with limited accounting personnel and other resources with which to address our internal
  controls and procedures. Our independent registered public accounting firm is not required to and has not conducted an audit or
  assessment of our internal control over financial reporting. In August 2014, the Company discovered RMB 7 million (approximately
  $1.1 million) was transferred (the "Transfer at Issue") from the bank account of WFOE, without authorization, to the
  personal account of Mr. Qin, the then CEO of the Company. The Company appointed a special committee (the "Special Committee")
  of the Board of Directors to conduct an internal review surrounding the Transfer at Issue. The internal review indicated that
  the Company's control deficiencies contributed to the Transfer at Issue. Since Mr. Qin had the sole authority to approve
  fund transfers, there was a lack of checks and balances over transfers. The Company filed a report with a local Wujiang Police
  Department charging Mr. Qin with misappropriating RMB 7 million. The Company retained a local law firm to assist the Company in
  following up with the Police Department with regard to the development of the case and collection of the missing funds. According
  to the PRC counsel, if the prosecutors agree to criminally indict Mr. Qin, there will be an accompanying civil collection suit.
  If the prosecutors determined not to criminally indict Mr. Qin, then the Company will initiate a civil proceeding against Mr.
  Qin to collect such funds. The prosecutors have not notified the Company of their decision as of the date of this annual report.
  There is no assurance that we would be able to collect the missing funds, if any.
  As
  a result of the control deficiencies in the fund transfer procedure and other material weaknesses identified, the Company concluded
  its internal controls over financial reporting were not effective as of December 31, 2014. See Item 9A
  Controls and Procedures
  for
  a detailed discussion of the material weakness and the remediation measures the Company plans to take. Such material weaknesses
  may result in our inability to accurately report our financial results or prevent material misstatements.
  Our
  business depends on the continuing efforts of members of our management. If we lose their services, our business may be severely
  disrupted.
  Our
  business operations depend on the continuing efforts of members of
  our management. If one or more of our management
  were unable or unwilling to continue their employment with us, we might not be able to replace them in a timely manner, or at
  all. We may incur additional expenses to recruit and retain qualified replacements. Our business may be severely disrupted and
  our financial condition and results of operations may be materially and adversely affected. In addition, members of our management
  team may join a competitor or form a competing company. We may not be able to successfully enforce any contractual rights we have
  with our management team, in particular in China, where all of these individuals reside and where our business is operated through
  Wujiang Luxiang through various VIE Agreements. As a result, our business may be negatively affected due to the loss of one or
  more members of our management.
  We
  require highly qualified personnel and if we are unable to hire or retain qualified personnel, we may not be able to grow effectively.
  Our
  future success also depends upon our ability to attract and retain highly qualified personnel. Expansion of our business and our
  management will require additional managers and employees with industry experience, and our success will be highly dependent on
  our ability to attract and retain skilled management personnel and other employees. We may not be able to attract or retain highly
  qualified personnel. Competition for skilled personnel is significant in China. This competition may make it more difficult and
  expensive to attract, hire and retain qualified managers and employees.
  We
  have no insurance coverage for our lending or guarantee business or our bank accounts, which could expose us to significant costs
  and business disruption.
  Risks
  associated with our business and operations include, but are not limited to, borrowers' failure to repay the outstanding principal
  and interest when due and our loss reserve is not sufficient cover such failure, losses of key personnel, business interruption
  due to power shortages or network failure, and risks posed by natural disasters including storms, floods and earthquakes, any
  of which may result in significant costs or business disruption. We do not maintain any credit insurance, business interruption
  insurance, general third-party liability insurance, nor do we maintain key-man life insurance or any other insurance coverage
  except the mandatory social insurance for the employees of Wujiang Luxiang. If we incur any loss that is not covered by our loss
  reserve, our business, financial condition and results of operations could be materially and adversely affected.
  8
  Table of Contents
  We
  maintain our cash with various banks. Our cash accounts are not insured or otherwise protected. Should any bank or trust company
  holding our cash deposits become insolvent, or if we are otherwise unable to withdraw funds, we could lose the cash on deposit
  with that particular bank or trust company.
  Risks
  Relating to Our Financial Leasing Business
  We
  only generated a small amount of revenue from our financial leasing operations as of now and our financial leasing business plan
  may not be executed as planned.
  We
  are currently at the initial stage of developing our financial leasing business. In February 2015, we signed two leasing contracts
  worth a total of total $4.88 million. The success of our financial leasing operations will highly depend upon our ability to obtain
  funds to deploy and successfully develop and market our financial leasing services to the targeted customers. We may not be able
  to develop our financial leasing business as planned and generate significant revenues. The revenue and income potential of our
  proposed financial leasing business is unproven and the lack of operating history makes it difficult to evaluate the future prospects
  of this business.
  We
  have no experience in the equipment leasing and financing business and our knowledge of the Chinese financial leasing market is
  limited.
  None
  of the PFL management has any prior experience in the operation or management of equipment financing and leasing. Our knowledge
  of the Chinese financial leasing industry and market is very limited. Our perception of the potential customers' needs and
  their acceptance of our financial leasing services may not be accurate. We may not be able to work with equipment providers to
  successfully purchase qualified equipment identified by our customers on terms acceptable to us. We may not be able to establish
  sound financial modeling in the calculation of the interest rate and residual value. Such inexperience and lack of active knowledge
  may lead to failure of our financial leasing business.
  Lack
  of knowledge of financial leasing benefits among potential customers may make it difficult for us to market our services.
  Currently,
  a high proportion of Chinese management, especially management of SMEs, still perceive leasing companies as a "second-class
  bank", and very few recognize the flexibility and benefits that financial leasing provides. We may need to invest a tremendous
  amount of time and effort toward lease education so that potential customers can fully appreciate the flexibility leasing offers
  to deploy their assets. Failure in such education may make it difficult for us to market our financial leasing services.
  A
  protracted economic downturn may cause an increase in defaults under our leases and lower demand for the commercial equipment
  we lease.
  A
  protracted economic downturn, similar to the one China experienced in recent years, could result in a decline in the demand for
  some of the types of equipment or services we finance, which could lead to a decline in originations. A protracted economic downturn
  may slow the development and continued operation of small commercial businesses, which is one of the primary markets for the commercial
  equipment leased by us. In addition, a protracted downturn could result in an increase in delinquencies and defaults by our lessees
  and other obligors, which could have an adverse effect on our cash flow and earnings. These factors could have a material adverse
  effect on our business, financial condition and results of operations.
  Our
  allowance for lease credit losses may prove to be inadequate to cover future credit losses.
  We
  will maintain an allowance for credit losses on our leases, at an amount we believe is sufficient to provide adequate protection
  against losses on the leases. We cannot be sure that our allowance for credit losses will be adequate over time to cover losses
  caused by adverse economic factors, or unfavorable events affecting specific leases, industries or geographic areas. Losses in
  excess of our allowance for credit losses may have a material adverse effect on our business, financial condition and results
  of operations.
  9
  Table of Contents
  We
  are vulnerable to changes in the demand for the types of equipment we plan on leasing or price reductions in such equipment.
  Our
  leasing portfolio will be comprised of a wide variety of equipment including, but not limited to, public transportation vehicles
  such as subway cars, trains, buses, medical equipment, equipment used in textile production and agricultural equipment. Reduced
  demand for financing of the types of equipment we lease could adversely affect our lease origination volume, which in turn could
  have a material adverse effect on our business, financial condition and results of operations. Technological advances may lead
  to a decrease in the price of these types of equipment and a consequent decline in the need for financing of such equipment. These
  changes could reduce the need for outside financing sources that would reduce our lease financing opportunities and origination
  volume in such products. In the event that demand for financing the types of equipment that we lease declines, we will need to
  expand our efforts to provide lease financing for other products.
  We
  may face growing competition, which could cause us to lower our lease rates, hurt our origination volume and strategic position
  and adversely affect our financial results.
  The
  Chinese financial leasing industry is becoming competitive in recent years. We will compete for customers with a number of international,
  national, regional and local banks and finance companies and financial leasing companies. Our competitors also include equipment
  manufacturers that lease or finance the sale of their own products. Our competitors include larger, more established companies,
  some of which may possess substantially greater financial, marketing and operational resources than us, including lower cost of
  funds and access to capital markets and other funding sources which may be unavailable to us. If a competitor was to lower its
  lease rates, we could be forced to follow such trend or be unable to retain origination volume, either of which would have a material
  adverse effect on our business, financial condition and results of operations.
  If
  PFL were to lose key personnel, its operating results may suffer.
  The
  success of our financial leasing business depends to a large extent upon the abilities and continued efforts of senior management.
  The loss of the services of one or more of the key members of our senior management before we are able to attract and retain qualified
  replacement personnel could have a material adverse effect on the development and success of our financial leasing business.
  Recently
  proposed accounting changes may negatively impact the demand for equipment leases.
  On
  August 17, 2010, the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) released
  a joint exposure draft that would dramatically change lease accounting for both lessees and lessors by requiring balance sheet
  recognition of all leases. At their June 13, 2012 joint board meeting, the International Accounting Standards Board (IASB) and
  the FASB (collectively, the "Boards") agreed on an approach for the accounting for lease expenses as part of their
  joint project to revise lease accounting. In September 2012, the Boards reached tentative decisions regarding sale and leaseback
  transactions and other lease accounting issues. The Boards issued revised exposure draft in May 2013, with a 120-day comment period.
  As part of the deliberation process, the Boards reviewed nearly 800 comment letters and held public roundtable meetings and preparer
  workshops. A key issue raised by stakeholders in this process was the front-loading of expense recognition for lessees in the
  proposal. The Boards have tentatively agreed to change the expense recognition pattern and income statement presentation for certain
  leases. If these accounting changes are adopted in a form that makes equipment leasing less attractive to small business owners,
  it could result in a reduction in the demand for equipment leases, and could have an adverse effect on our results of operations
  and financial condition.
  10
  Table of Contents
  Risks
  Relating to Doing Business in China
  PRC
  regulation of loans to, and direct investments in, PRC entities by offshore holding companies may delay or prevent us from using
  proceeds from financing activities to make loans or additional capital contributions to our PRC operating subsidiaries.
  As
  an offshore holding company with PRC subsidiaries, we may transfer funds to our PRC subsidiaries or finance our operating entity
  by means of loans or capital contributions. Any loans to our PRC subsidiaries, which are foreign-invested enterprises, cannot
  exceed statutory limits based on the difference between the amount of our investments and registered capital in such subsidiaries,
  and shall be registered with SAFE, or its local counterparts. Furthermore, any capital increase contributions we make to our PRC
  subsidiaries, which are foreign-invested enterprises, shall be approved by MOFCOM, or its local counterparts. We may not be able
  to obtain these government registrations or approvals on a timely basis, if at all.
  If we fail to receive such
  registrations or approvals, our ability to provide loans or capital to increase contributions to our PRC subsidiaries may be negatively
  affected, which could adversely affect our liquidity and our ability to fund and expand our business.
  A
  slowdown of the Chinese economy or adverse changes in economic and political policies of the PRC government could negatively impact
  China's overall economic growth, which could materially adversely affect our business.
  We are a holding
  company and all of our operations are entirely conducted in the PRC. Although the PRC economy has grown in recent years, such
  growth may not continue. A slowdown in overall economic growth, an economic downturn or recession or other adverse economic developments
  in the PRC may materially reduce the demand for our direct lending, guarantee and financial leasing services and may have a materially
  adverse effect on our business.
  China's
  economy differs from the economies of most other countries in many respects, including the amount of government involvement in
  the economy, the general level of economic development, growth rates and government control of foreign exchange and the allocation
  of resources. While the PRC economy has grown significantly over the past few decades, this growth has remained uneven across
  different periods, regions and economic sectors.
  The
  PRC government also exercises significant control over China's economic growth by allocating resources, controlling the
  payment of foreign currency-denominated obligations, setting monetary policy and providing preferential treatment to particular
  industries or companies. Any actions and policies adopted by the PRC government could negatively impact the Chinese economy, which
  could materially adversely affect our business.
  Substantial
  uncertainties and restrictions with respect to the political and economic policies of the PRC government and PRC laws and regulations
  could have a significant impact upon the business we may be able to conduct in the PRC and accordingly on the results of our operations
  and financial condition.
  Our
  business operations may be adversely affected by the current and future political environment in the PRC. The Chinese government
  exerts substantial influence and control over the manner in which we must conduct our business activities. Our ability to operate
  in China may be adversely affected by changes in Chinese laws and regulations. Under the current government leadership, the government
  of the PRC has been pursuing economic reform policies that encourage private economic activities and greater economic decentralization.
  However, the government of the PRC may not continue to pursue these policies, or may significantly alter these policies from time
  to time without notice.
  There
  are substantial uncertainties regarding the interpretation and application of PRC laws and regulations, including, but not limited
  to, the laws and regulations governing our business, or the enforcement and performance of our arrangements with borrowers in
  the event of the imposition of statutory liens, death, bankruptcy or criminal proceedings. Only after 1979 did the Chinese government
  begin to promulgate a comprehensive system of laws that regulate economic affairs in general, deal with economic matters such
  as foreign investment, corporate organization and governance, commerce, taxation and trade, as well as encourage foreign investment
  in China. Although the influence of the law has been increasing, China has not developed a fully integrated legal system and recently
  enacted laws and regulations may not sufficiently cover all aspects of economic activities in China. Also, because these laws
  and regulations are relatively new, and because of the limited volume of published cases and their lack of force as precedents,
  interpretation and enforcement of these laws and regulations involve significant uncertainties. New laws and regulations that
  affect existing and proposed future businesses may also be applied retroactively. In addition, there have been constant changes
  and amendments of laws and regulations over the past 30 years in order to keep up with the rapidly changing society and economy
  in China. Because government agencies and courts provide interpretations of laws and regulations and decide contractual disputes
  and issues, their inexperience in adjudicating new business and new polices or regulations in certain less developed areas causes
  uncertainty and may affect our business. Consequently, we cannot clearly foresee the future direction of Chinese legislative activities
  with respect to either businesses with foreign investment or the effectiveness on enforcement of laws and regulations in China.
  The uncertainties, including new laws and regulations and changes of existing laws, as well as judicial interpretation by inexperienced
  officials in the agencies and courts in certain areas, may cause possible problems to foreign investors.
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  Our
  microcredit business is subject to extensive regulation and supervision by state, provincial and local government authorities,
  which may interfere with the way we conduct our business and may negatively impact our financial results.
  We
  are subject to extensive and complex state, provincial and local laws, rules and regulations with regard to our loan and guarantee
  operations, capital structure, allowance for loan losses, among other things. These laws, rules and regulations are issued by
  different central government ministries and departments, provincial and local governments while enforced by different local authorities
  in the city of Wujiang. In addition, it is not clear whether microcredit companies are subject to certain banking regulations
  the state-owned and commercial banks are subject to, including the regulation with regard to loan loss reserves. Therefore, the
  interpretation and implementation of such laws, rules and regulations may not be clear and occasionally we have to depend on oral
  inquiries with local government authorities. As a result of the complexity, uncertainties and constant changes in these laws,
  rules and regulation, including changes in interpretation and implementation of such, our business activities and growth may be
  adversely affected if we do not respond to the changes in a timely manner or are found to be in violation of the applicable laws,
  regulations and policies as a result of a different position from ours taken by the competent authority in the interpretation
  of such applicable laws, regulations and policies. If we were found to be not in compliance with these laws and regulations, we
  may be subject to sanctions by regulatory authorities, monetary penalties and/or reputation damage, which could have a material
  adverse effect on our business operation and profitability.
  Lack
  of financial leasing regulations could negatively impact our business.
  Currently,
  there is no uniform equipment title registration process and system in China, as each municipality adopts different procedures.
  The pending China Financial Leasing Law is expected to unify the registration procedures and protect the lessor against a "good-faith"
  third-party claim if the leased assets are registered in the lessor's name. In the absence of such central title registration
  system, the lessors' ownership interest on the leased equipment may be threatened. Loss of ownership to the leased equipment
  will have a negative effect on our financial position.
  We
  may be subject to administrative sanctions in the event we are found to have charged excessive interest rates on some of the historical
  direct loans we extended.
  During
  2010, 2011 and 2012, we provided certain financing consulting services to an aggregate of approximately 114 individuals and companies
  and generated consulting fees of approximately US$693,555(RMB 4.6 million). According to the consulting arrangements we had with
  these parties, we agreed to provide consulting services such as advising on the applicable lending rules and regulations, making
  recommendations about financing plans, assisting the parties to complete and submit financing applications and providing general
  guidance in the capital raising process. Some of these clients were also borrowers. We also charged additional consulting fees
  when such borrowers asked to expedite the review and approval process of their loan applications, as such expedited lendings require
  funds to be allocated from other positions at an additional cost to us. The maximum interest rate a microcredit lender is allowed
  to charge on microcredit loans was four times the PBOC's Benchmark Rate, according to Circular 23 and Several Opinion Regarding
  the Trial of Cases promulgated by Supreme Court of PRC. Although none of these loans had interest rates higher than four times
  the PBOC Benchmark Rate, the aggregate amount of interest we charged such borrower plus the consulting fee would exceed four times
  the PBOC Benchmark Rate if the consulting fees paid by these borrowers were deemed as additional interest payments. We believe
  such consulting fees were compensation payments for the consulting services we provided. Also we have stopped providing such consulting
  services since July 31, 2012 and we do not anticipate engaging in such consulting service in the foreseeable future. However,
  in the event the competent government authority determines these historical consulting fees were
  de facto
  interest
  payments, we may be found to have charged excessive rates on these loans and, as a result, we may be subject to sanctions by the
  government authority, which may include return of the excessive interest to affected borrowers, confiscation of illegal gains,
  fine, suspension of operation and/or revocation of our business license.
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  We
  may be subject to administrative sanctions in the event the extension we obtained on contribution of PFL's registered capital
  is reversed or determined to be not effective or if we are not able to contribute the remainder of the registered capital as required.
  Pursuant
  to Foreign Wholly-Owned Enterprise Law and relevant implementation rules, 15% of the U.S. $50 million registered capital of PFL
  is required to be contributed within initial three months of PFL obtaining its business license on September 5, 2013 and the remainder
  to be contributed within two years after the business license is granted. We did not make any contributions within the three-month
  period since we expected to fund such contribution with the proceeds from the follow-on offering. Based on our oral inquiries
  with the local Commission of Commerce of Wujiang, we were told that the required initial installment would be reduced to 10% in
  2014 and that the competent authority would refrain from taking specific administrative measures against us once the first installment
  of capital contribution is paid. In addition, we were told by Wujiang Economic and Technological Development Zone ("WETDZ"),
  where PFL is incorporated and located, that there will be no penalty for the delayed contribution of the first installment of
  the registered capital. In the event the orally granted extension or the advice we received from WETDZ is reversed or found to
  be not valid by a relevant authority, we may be subject to administrative sanctions, including monetary penalties ranging from
  5% to 15% of the portion that has not been paid on time, or from $375,000 to $1,125,000 if none was contributed at the time of
  the sanction. In October 2014, we contributed substantially all of the net proceeds raised in the follow-on offering to the registered
  capital requirement of PFL.
  In
  addition, the new PRC Company Law that became effective on March 1, 2014, radically changed the registered capital requirements,
  including deleting the requirement to contribute the registered capital within certain time frames and the minimum registered
  capital requirement. However, it is unclear whether PFL will be subject to the loosened registered capital requirements under
  the new PRC Company Law and, as a result, be exempted from contributing the remainder of the registered capital within two years
  after the business license is granted. If it is later determined that PFL cannot enjoy the loosened registered capital requirement
  set forth in the new Company Law, we would have to contribute 85% of the then registered capital of PFL prior to September 4,
  2015. In the event we are not able to make such contribution, we may be subject to administrative sanctions, including monetary
  penalties ranging from 5% to 15% of the portion that has not been paid on time, or from $2,125,000 to $6,375,000 if none of the
  remaining 85% was contributed at the time of the sanction.
  Since
  we conduct substantially all of our operations in China, and almost all of our officers and directors reside outside the United
  States, our stockholders may face difficulties in protecting their interests and exercising their rights as a stockholder of CCC.
  Although
  we are incorporated in Delaware, we conduct substantially all of our operations in China through Wujiang Luxiang, our consolidated
  VIE in China and PFL. All of our current officers and almost all of our directors reside outside the United States and substantially
  all of the assets of those persons are located outside of the United States. It may be difficult for the stockholders to conduct
  due diligence on the Company or such directors in your election of the directors and attend shareholders meeting if the meeting
  is held in China. We plan to have one shareholder meeting each year at a location to be determined, potentially alternating between
  United States and China. As a result of all of the above, our public shareholders may have more difficulty in protecting their
  interests through actions against our management, directors or major shareholders than would shareholders of a corporation doing
  business entirely or predominantly within the United States.
  Stockholders
  may experience difficulties in effecting service of legal process, enforcing foreign judgments or bringing original actions in
  China based upon United States laws, including the federal securities laws or other foreign laws against us or our management.
  Substantially
  all of our operations are conducted in China, and all of our assets are located in China. A majority of our officers are nationals
  or residents of the PRC and a substantial portion of their assets are located outside the United States. As a result, Dacheng
  Law Firm, our counsel as to PRC law, advised us that it may be difficult for a shareholder to effect service of process within
  the United States upon these persons, or to enforce judgments against us which are obtained in United States courts, including
  judgments predicated upon the civil liability provisions of the securities laws of the United States or any state in the United
  States.
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  Dacheng
  Law Firm further advised us that the recognition and enforcement of foreign judgments are provided for under the PRC Civil Procedures
  Law. PRC courts may recognize and enforce foreign judgments in accordance with the requirements of the PRC Civil Procedures Law
  based either on treaties between China and the country where the judgment is made or on principles of reciprocity between jurisdictions.
  China does not have any treaties or other form of reciprocity with the United States that provide for the reciprocal recognition
  and enforcement of foreign judgments. In addition, according to the PRC Civil Procedures Law, courts in the PRC will not enforce
  a foreign judgment against us or our directors and officers if they decide that the judgment violates the basic principles of
  PRC laws, national sovereignty, security or public interest. As a result, it is uncertain whether and on what basis a PRC court
  would enforce a judgment rendered by a court in the United States.
  Dacheng
  Law Firm also advised us that in the event that shareholders originate an action against a company without domicile in China for
  disputes related to contracts or other property interests, the PRC courts may accept a course of action if (a) the disputed contract
  was concluded or performed in the PRC, or the disputed subject matter is located in the PRC, (b) the company (as defendant) has
  properties that can be seized within the PRC, (c) the company has a representative organization within the PRC, (d) the parties
  choose to submit to jurisdiction of the PRC courts in the contract, or (e) the contract is executed or performed within the PRC.
  The action may be initiated by the shareholder through filing a complaint with the PRC courts. The PRC courts will determine whether
  to accept the complaint in accordance with the PRC Civil Procedures Law. The shareholder may participate in the action by itself
  or entrust any other person or PRC legal counsel to participate on behalf of such shareholder. Foreign citizens and companies
  will have the same right as PRC citizens and companies in an action unless such foreign country restricts the rights of PRC citizens
  and companies.
  We
  may have difficulty in establishing adequate management and financial controls in China.
  The
  PRC has only recently begun to adopt the management and financial reporting concepts and practices that investors in the U.S.
  are familiar with. We may have difficulty in hiring and retaining employees in China who have the experience necessary to implement
  the kind of management and financial controls that are required of a U.S. public company. If we cannot establish such controls,
  or if we are unable to collect the financial data required for the preparation of our financial statements, or if we are unable
  to keep our books and accounts in accordance with the U.S. accounting standards for business, we may not be able to continue to
  file required reports with the SEC, which would likely have a material adverse effect on the performance of our shares of common
  stock.
  WFOE's
  ability to pay dividends to us may be restricted due to foreign exchange control and other regulations of China.
  As
  an offshore holding company, we may rely principally on dividends from our subsidiaries in China, WFOE and PFL, for our cash requirements.
  Under the applicable PRC laws and regulations, foreign-invested enterprises in China may pay dividends only out of their accumulated
  profits, if any, determined in accordance with PRC accounting standards and regulations. In addition, a foreign-invested enterprise
  in China is required to set aside a portion of its after-tax profit to fund specific reserve funds prior to payment of dividends.
  In particular, at least 10% of its after-tax profits based on PRC accounting standards each year is required to be set aside towards
  its general reserves until the accumulative amount of such reserves reach 50% of its registered capital. These reserves are not
  distributable as cash dividends.
  Furthermore,
  WFOE's and PFL's ability to pay dividends may be restricted due to foreign exchange control policies and the availability
  of its cash balance. Substantially all of our operations are conducted in China and all of our revenue received, by WFOE through
  VIE arrangement and by PFL, are denominated in RMB. RMB is subject to exchange control regulation in China, and, as a result,
  WFOE and PFL may be unable to distribute any dividends outside of China due to PRC exchange control regulations that restrict
  our ability to convert RMB into U.S. dollars.
  The
  lack of dividends or other payments from WFOE may limit our ability to make investments or acquisitions that could be beneficial
  to our business, pay dividends or otherwise fund, and conduct our business. Our funds may not be readily available to us to satisfy
  obligations which have been incurred outside the PRC, which could adversely affect our business and prospects or our ability to
  meet our cash obligations. Accordingly, if we do not receive dividends from WFOE or PFL, our liquidity and financial condition
  will be materially and adversely affected.
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  There
  is uncertainty in the preferential tax treatment we currently enjoy and financial subsidy commitment we expect to enjoy. Any change
  in the preferential tax treatment we currently enjoy in the PRC may materially adversely impact our net income.
  Effective
  January 1, 2008, the New Enterprise Income Tax Law of PRC stipulates that domestically owned enterprises and foreign invested
  enterprises (the "FIEs") are subject to a uniform income tax rate of 25%. While the New Enterprise Income Tax Law
  equalizes the income tax rates for FIEs and domestically owned enterprises, preferential tax treatment may continue to be given
  to companies in certain encouraged sectors and to entities classified as high-technology companies, regardless of whether these
  are domestically-owned enterprises or FIEs. Pursuant to the Jiangsu Document No. 132 issued in November 2009, microcredit companies
  in Jiangsu Province are subject to a preferential tax rate of 12.5%. As a result, Wujiang Luxiang has been subject to the preferential
  income tax rate of 12.5% since its inception in 2008. The taxation practice implemented by the tax authority governing our business
  from 2008 through 2011 was that we paid enterprise income taxes at a rate of 25% on a quarterly basis, and upon annual tax settlement
  done by the Company and the tax authority within five (5) months after December 31, the tax authority refunded us the excess enterprise
  income taxes we paid beyond the rate of 12.5% in tax credit. In 2013and 2012 the tax authority allowed us to pay enterprise income
  tax, on a monthly basis, at 12.5% for our income generated from our direct loan business and at 25% for income generated from
  our guarantee business. During the twelve-month period ended December 31, 2013, we paid an aggregate $2,191,329 for income tax.
  We received a refund of $985,332 in April 2014. The refund is the difference between actual income tax prepayment, which is made
  at 25% for income generated from both our direct loan business and our guarantee business, and the income tax expense, which is
  calculated at 12.5% for direct loan and 25% for our guarantee business. In addition, Wujiang Luxiang has been subject to business
  tax at the preferential rate of 3% since its inception in 2008.
  In
  April 2012 Wujiang Luxiang received a notice from local tax authority, informing us that only income generated from Wujiang Luxiang's
  direct loan business was qualified to enjoy a preferential income tax rate of 12.5% and business tax of 3% under the Jiangsu Document
  No. 132, but its taxable income arising from Wujiang's other business such as the guarantee business was still subject to
  a standard tax rate of 25% for income tax and 5% for business tax. The local tax authority required Wujiang Luxiang to implement
  the above-mentioned policy starting with the tax filing for 2011 which was filed in April 2012, and the policy applies to all
  years thereafter. The impact of the changed policy on the income tax provision on the issued financial statements of 2011 was
  $225,445. However, we believe the underpayment was comparatively minimal as it only accounted for less than 3% of net income of
  2011, thus it recorded the underpayment of $225,445 in the financial statements for financial year of 2012. There was no underpayment
  penalty assessed. Furthermore, such tax policy change may be applied retroactively to financial year of 2008, 2009 and 2010. Although
  we have not received any notice from local tax authority to request Wujiang Luxiang to make any underpayment with surcharge, there
  is no assurance that the local tax authority will not do so in the future.
  There
  is a risk that the competent tax authority may decide that Wujiang Luxiang will not be eligible for the preferential tax rates
  for the direct loan business in the future. Moreover, the PRC government could eliminate any of these preferential tax treatments
  before their scheduled expiration. Expiration, reduction or elimination of such preferential tax treatments will increase our
  income tax expenses and in turn decrease our net income.
  There
  is uncertainty in the policy at the state and provincial levels as to how the direct loan and guarantee businesses carried out
  by the microcredit companies shall be treated with regard to income tax and business tax. If the tax authority determines that
  the income tax, business tax or other applicable tax we previously paid were less than what was required, we may be requested
  to make payment for the overdue tax and interest on the overdue payment.
  In
  addition, pursuant to an agreement PFL has with the WETDZ, PFL expects to receive a financial award equal to 100% of the portion
  of the enterprise income tax proceeds contributed by PFL that is reserved by the WETDZ for the first five years following the
  date of its establishment, and will further receive a financial award equal to 50% of the portion of the enterprise income tax
  proceeds contributed by PFL that is reserved by the WETDZ for the following five years. PFL will receive a science and technology
  financial award from the WETDZ for up to approximately $325,000 (RMB 2 million) to be paid pro rata according to the actually
  contributed registered capital. In the event that the central government promulgates laws or regulations that expressly prohibit
  local governments from providing financial subsidies for enterprises' income tax payment obligation, this agreement with
  WETDZ may be rendered illegal and/or unenforceable and therefore PFL's business plan may be negatively affected.
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  Our
  global income may be subject to PRC taxes under the PRC Enterprise Income Tax Law, which could have a material adverse effect
  on our results of operations.
  Under
  the PRC Enterprise Income Tax Law, or the New EIT Law, and its implementation rules, which became effective in January 2008, an
  enterprise established outside of the PRC with a "de facto management body" located within the PRC is considered a
  PRC resident enterprise and will be subject to the enterprise income tax at the rate of 25% on its global income. The implementation
  rules define the term "de facto management bodies" as "establishments that carry out substantial and overall
  management and control over the manufacturing and business operations, personnel and human resources, finance and treasury, and
  acquisition and disposition of properties and other assets of an enterprise." On April 22, 2009, the State Administration
  of Taxation (the "SAT"), issued a circular, or SAT Circular 82, which provides certain specific criteria for determining
  whether the "de facto management body" of a PRC-controlled enterprise that is incorporated offshore is located in
  China. Although the SAT Circular 82 only applies to offshore enterprises controlled by PRC enterprises or PRC enterprise groups,
  not those controlled by PRC individuals or foreigners, the determining criteria set forth in the SAT Circular 82 may reflect the
  SAT's general position on how the "de facto management body" text should be applied in determining the resident
  status of all offshore enterprises for the purpose of PRC tax, regardless of whether they are controlled by PRC enterprises or
  individuals. Although we do not believe that our legal entities organized outside of the PRC constitute PRC resident enterprises,
  it is possible that the PRC tax authorities could reach a different conclusion. In such case, we may be considered a PRC resident
  enterprise and may therefore be subject to the 25% enterprise income tax on our global income. If we are considered a resident
  enterprise and earn income other than dividends from our PRC subsidiary, a 25% enterprise income tax on our global income could
  significantly increase our tax burden and materially and adversely affect our cash flow and profitability. In addition to the
  uncertainty regarding how the new PRC resident enterprise classification for tax purposes may apply, it is also possible that
  the rules may change in the future, possibly with retroactive effect.
  Fluctuations
  in the foreign currency exchange rate between U.S. Dollars and Renminbi could adversely affect our financial condition.
  The
  value of the RMB against the U.S. dollar and other currencies may fluctuate. Exchange rates are affected by, among other things,
  changes in political and economic conditions and the foreign exchange policy adopted by the PRC government. On July 21, 2005,
  the PRC government changed its policy of pegging the value of the RMB to the U.S. dollar. Under the new policy, the RMB is permitted
  to fluctuate within a narrow and managed band against a basket of foreign currencies. Following the removal of the U.S. dollar
  peg, the RMB appreciated more than 20% against the U.S. dollar over three years. From July 2008 until June 2010, however, the
  RMB traded stably within a narrow range against the U.S. dollar. There remains significant international pressure on the PRC government
  to adopt a more flexible currency policy, which could result in a further and more significant appreciation of the RMB against
  foreign currencies. On June 20, 2010, the PBOC announced that the PRC government would reform the RMB exchange rate regime and
  increase the flexibility of the exchange rate. We cannot predict how this new policy will impact the RMB exchange rate.
  Our
  revenues and costs are mostly denominated in the RMB, and a significant portion of our financial assets are also denominated in
  the RMB. Any significant fluctuations in the exchange rate between the RMB and the U.S. dollar may materially adversely affect
  our cash flows, revenues, earnings and financial position, and the amount of and any dividends we may pay on our common stock
  in U.S. dollars. In addition, fluctuations in the exchange rate between the RMB and the U.S. dollar could also result in foreign
  currency translation losses for financial reporting purposes.
  Future
  inflation in China may inhibit economic activity and adversely affect our operations.
  The
  Chinese economy has experienced periods of rapid expansion in recent years which can lead to high rates of inflation or deflation.
  This has caused the PRC government to, from time to time, enact various corrective measures designed to restrict the availability
  of credit or regulate growth and contain inflation. High inflation may in the future cause the PRC government to once again impose
  controls on credit and/or prices, or to take other action, which could inhibit economic activity in China. Any action on the part
  of the PRC government that seeks to control credit and/or prices may adversely affect our business operations.
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  PRC
  laws and regulations have established more complex procedures for certain acquisitions of Chinese companies by foreign investors,
  which could make it more difficult for us to pursue growth through acquisitions in China.
  Further
  to the Regulations on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors, or the New M&A Rules, the Anti-monopoly
  Law of the PRC, the Rules of Ministry of Commerce on Implementation of Security Review System of Mergers and Acquisitions of Domestic
  Enterprises by Foreign Investors promulgated by MOFCOM or the MOFCOM Security Review Rules, was issued in August 2011, which established
  additional procedures and requirements that are expected to make merger and acquisition activities in China by foreign investors
  more time-consuming and complex, including requirements in some instances that MOFCOM be notified in advance of any change of
  control transaction in which a foreign investor takes control of a PRC enterprise, or that the approval from MOFCOM be obtained
  in circumstances where overseas companies established or controlled by PRC enterprises or residents acquire affiliated domestic
  companies. PRC laws and regulations also require certain merger and acquisition transactions to be subject to merger control review
  and or security review.
  The
  MOFCOM Security Review Rules, effective from September 1, 2011, which implement the Notice of the General Office of the State
  Council on Establishing the Security Review System for Mergers and Acquisitions of Domestic Enterprises by Foreign Investors promulgated
  on February 3, 2011, further provide that, when deciding whether a specific merger or acquisition of a domestic enterprise by
  foreign investors is subject to the security review by MOFCOM, the principle of substance over form should be applied and foreign
  investors are prohibited from bypassing the security review requirement by structuring transactions through proxies, trusts, indirect
  investments, leases, loans, control through contractual arrangements or offshore transactions.
  Further,
  if the business of any target company that we seek to acquire falls into the scope of security review, we may not be able to successfully
  acquire such company either by equity or asset acquisition, capital contribution or through any contractual arrangement. We may
  grow our business in part by acquiring other companies operating in our industry. Complying with the requirements of the relevant
  regulations to complete such transactions could be time consuming, and any required approval processes, including approval from
  MOFCOM, may delay or inhibit our ability to complete such transactions, which could affect our ability to maintain or expand our
  market share.
  In
  addition, SAFE promulgated the Circular on the Relevant Operating Issues concerning Administration Improvement of Payment and
  Settlement of Foreign Currency Capital of Foreign-invested Enterprises, or Circular 142, on August 29, 2008. Its subsequent Supplementary
  Notice on Issues Relating to the Improvement of Business Operations over Payment and Settlement of Foreign Exchange Capital of
  Foreign-Invested Enterprises was promulgated by SAFE on July 18, 2011. Under Circular 142, registered capital of a foreign-invested
  company settled in RMB converted from foreign currencies may only be used within the business scope approved by the applicable
  governmental authority and may not be used for equity investments in the PRC. In addition, foreign-invested companies may not
  change how they use such capital without SAFE's approval, and may not in any case use such capital to repay RMB loans if
  they have not used the proceeds of such loans according to the loan agreement. Furthermore, SAFE promulgated a circular on November
  19, 2012, or Circular 59, which requires the authenticity of settlement of net proceeds from offshore offerings to be closely
  examined and the net proceeds to be settled in the manner described in the offering documents. Circular 142 and Circular 59 may
  significantly limit our ability to effectively use the proceeds from future financing activities as the WFOE may not convert the
  funds received from us in foreign currencies into RMB, which may adversely affect our liquidity and our ability to fund and expand
  our business in the PRC.
  Failure
  to comply with the United States Foreign Corrupt Practices Act could subject us to penalties and other adverse consequences.
  As
  our ultimate holding Company is a Delaware corporation, we are subject to the United States Foreign Corrupt Practices Act, which
  generally prohibits United States companies from engaging in bribery or other prohibited payments to foreign officials for the
  purpose of obtaining or retaining business. Foreign companies, including some that may compete with us, are not subject to these
  prohibitions. Corruption, extortion, bribery, pay-offs, theft and other fraudulent practices may occur from time-to-time in the
  PRC. Our employees or other agents may engage in such conduct for which we might be held responsible. If our employees or other
  agents are found to have engaged in such practices, we could suffer severe penalties and other consequences that may have a material
  adverse effect on our business, financial condition and results of operations.
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  Recent
  SEC's administrative proceedings against the China affiliates of the five multi-national accounting firms may lead to the
  deregistering of Chinese accounting firms by the PCAOB, which may affect our ability to engage qualified independent auditors.
  The
  SEC recently commenced administrative proceedings against BDO China Dahua Co. Ltd., Deloitte Touche Tohmatsu Certified Public
  Accountants Ltd., Ernst & Young Hua Ming LLP, KPMG Huazhen (Special General Fund) and PricewaterhouseCoopers Zhong Tian CPAs
  Limited for refusing to produce audit work papers and other documents related to PRC-based companies under investigation by the
  SEC for potential accounting fraud against U.S. investors. The SEC has launched an initiative to address concerns arising from
  reverse mergers and foreign issuers. The SEC charged these accounting firms with violations of the Securities Exchange Act and
  the Sarbanes-Oxley Act, which requires foreign public accounting firms to provide, upon the request of the SEC, audit work papers
  involving any company trading on U.S. markets. Under PRC law, auditors are not permitted to hand over audit work papers as books
  and records of Chinese companies are afforded protection of secrecy laws. We are not in a position to assess the outcome or ramifications
  of these ongoing proceedings and investigations. Unless the PRC government changes its secrecy laws, there are risks that the
  Public Company Accounting Oversight Board ("PCAOB") may deregister Chinese accounting firms whose audit work papers
  the PCAOB cannot inspect and such deregistering of Chinese accounting firms by the PCAOB would, in turn, make it difficult for
  us to engage qualified independent auditors.
  If
  we become directly subject to the recent scrutiny, criticism and negative publicity involving U.S.-listed Chinese companies, we
  may have to expend significant resources to investigate and resolve the matter which could harm our business operations, and our
  reputation and could result in a loss to our stockholders, especially if such matter cannot be addressed and resolved favorably.
  Recently,
  U.S. public companies that have substantially all of their operations in China, have been the subject of intense scrutiny, criticism
  and negative publicity by investors, financial commentators and regulatory agencies, such as the SEC. Much of the scrutiny, criticism
  and negative publicity has centered around financial and accounting irregularities, a lack of effective internal controls over
  financial accounting, inadequate corporate governance policies or a lack of adherence thereto and, in many cases, allegations
  of fraud. As a result of the scrutiny, criticism and negative publicity, the publicly traded stock of many U.S. listed Chinese
  companies has sharply decreased in value and, in some cases, has become virtually worthless. Many of these companies are now subject
  to shareholder lawsuits and SEC enforcement actions and are conducting internal and external investigations into the allegations.
  It is not clear what effect this sector-wide scrutiny, criticism and negative publicity will have on our company and our business.
  If we become the subject of any unfavorable allegations, whether such allegations are proven to be true or untrue, we will have
  to expend significant resources to investigate such allegations and/or defend the Company. This situation may be a major distraction
  to our management. If such allegations are not proven to be groundless, our company and business operations will be severely hampered
  and your investment in our stock could be rendered worthless.
  The
  disclosures in our reports and other filings with the SEC and our other public pronouncements are not subject to the scrutiny
  of any regulatory bodies in the PRC.
  Our
  reports and other filings with the SEC are subject to SEC review in accordance with the rules and regulations promulgated by the
  SEC under the Securities Act and the Exchange Act. Our SEC filings and other disclosure and public pronouncements are not subject
  to the review or scrutiny of any PRC regulatory authority. For example, the disclosure in our SEC reports and other filings are
  not subject to the review by CSRC, a PRC regulator that is tasked with oversight of the capital markets in China. Accordingly,
  you should review our SEC reports, filings and our other public pronouncements with the understanding that no local regulator
  has done any review of our company, our SEC reports, other filings or any of our other public pronouncements.
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  Risks
  Relating to Our Corporate Structure
  We
  conduct our lending and guarantee business through Wujiang Luxiang by means of contractual arrangements. If the PRC courts or
  administrative authorities determines that these contractual arrangements do not comply with applicable regulations, we could
  be subject to severe penalties and our business could be adversely affected. In addition, changes in such Chinese laws and regulations
  may materially and adversely affect our business.
  There
  are uncertainties regarding the interpretation and application of PRC laws, rules and regulations, including but not limited
  to the laws, rules and regulations governing the validity and enforcement of the contractual arrangements between WFOE and
  each of Wujiang Luxiang. Although we were advised by our PRC counsel,
  Dacheng Law
  Offices
  , that based on their understanding of the current PRC laws, rules and regulations, the structure for operating
  our business in China (including our corporate structure and contractual arrangements with Wujiang Luxiang and its
  shareholders) comply with all applicable PRC laws, rules and regulations, and do not violate, breach, contravene or otherwise
  conflict with any applicable PRC laws, rules or regulations, the PRC courts or regulatory authorities may determine that our
  corporate structure and contractual arrangements violate PRC laws, rules or regulations. We are aware of a recent case
  involving Chinachem Financial Services where certain contractual arrangements for a Hong Kong Company to gain economic
  control over a PRC Company were declared to be void by the PRC Supreme People's Court. If the PRC courts or regulatory
  authorities determine that our contractual arrangements are in violation of applicable PRC laws, rules or regulations, our
  contractual arrangements will become invalid or unenforceable.
  If
  WFOE, Wujiang Luxiang or their ownership structure or the contractual arrangements, are determined to be in violation of any existing
  or future PRC laws, rules or regulations, or WFOE, or Wujiang Luxiang fails to obtain or maintain any of the required governmental
  permits or approvals, the relevant PRC regulatory authorities would have broad discretion in dealing with such violations, including:
  ●
  revoking
      the business and operating licenses of WFOE, or Wujiang Luxiang;
  ●
  discontinuing
      or restricting the operations of WFOE or Wujiang Luxiang;
  ●
  imposing
      conditions or requirements with which we, WFOE or Wujiang Luxiang may not be able to comply;
  ●
  requiring
      us, WFOE or Wujiang Luxiang to restructure the relevant ownership structure or operations;
  ●
  restricting
      or prohibiting our use of the proceeds from our initial public offering to finance our business and operations in China; or
  ●
  imposing
      fines.
  The
  imposition of any of these penalties would severely disrupt our ability to conduct business and have a material adverse effect
  on our financial condition, results of operations and prospects.
  On
  or around September 2011, various media sources reported that the China Securities Regulatory Commission (the "CSRC")
  had prepared a report proposing pre-approval by a competent central government authority of offshore listings by China-based companies
  with variable interest entity structures, such as ours, that operate in industry sectors subject to foreign investment restrictions.
  However, it is unclear whether the CSRC officially issued or submitted such a report to a higher level government authority or
  what any such report provides, or whether any new PRC laws or regulations relating to variable interest entity structures will
  be adopted or what they would provide. If our ownership structure, contractual arrangements or businesses of Wujiang Luxiang are
  found to be in violation of any existing or future PRC laws or regulations, the relevant governmental authorities, including the
  CSRC, would have broad discretion in dealing with such violation, including levying fines, confiscating our income or the income
  of Wujiang Luxiang, revoking the business licenses or operating licenses of Wujiang Luxiang, discontinuing or placing restrictions
  or onerous conditions on our operations, requiring us to undergo a costly and disruptive restructuring, restricting or prohibiting
  our use of proceeds from overseas financings to finance our business and operations in China, and taking other regulatory or enforcement
  actions that could be harmful to our business. Any of these actions could cause significant disruption to our business operations
  and severely damage our reputation, which would in turn materially and adversely affect our business, financial condition and
  results of operations.
  19
  Table of Contents
  Our
  contractual arrangements with Wujiang Luxiang may not be effective in providing control over Wujiang Luxiang.
  All
  of our current revenue and net income is derived from Wujiang Luxiang. According to our inquiries with Jiangsu provincial authorities,
  provincial direct foreign controlling equity ownership in for-profit companies engaged in rural microcredit services in Jiangsu
  Province has never been approved and such position will not change in the foreseeable future. Therefore, we do not intend to have
  an equity ownership interest in Wujiang Luxiang but rely on contractual arrangements with Wujiang Luxiang to control and operate
  its business. However, these contractual arrangements may not be effective in providing us with the necessary control over Wujiang
  Luxiang and its operations. Any deficiency in these contractual arrangements may result in our loss of control over the management
  and operations of Wujiang Luxiang, which will result in a significant loss in the value of an investment in our company. Because
  of the practical restrictions on direct foreign equity ownership imposed by the Jiangsu provincial government authorities, we
  must rely on contractual rights through our VIE structure to effect control over and management of Wujiang Luxiang, which exposes
  us to the risk of potential breach of contract by the shareholders of Wujiang Luxiang. In addition, as Wujiang Luxiang is jointly
  owned by its shareholders, it may be difficult for us to change our corporate structure if such shareholders refuse to cooperate
  with us.
  The
  failure to comply with PRC regulations relating to mergers and acquisitions of domestic enterprises by offshore special purpose
  vehicles may subject us to severe fines or penalties and create other regulatory uncertainties regarding our corporate structure.
  On
  August 8, 2006, MOFCOM, joined by the CSRC, the State-owned Assets Supervision and Administration Commission of the State Council,
  the SAT, the State Administration for Industry and Commerce (the "SAIC"), and SAFE, jointly promulgated regulations
  entitled the Provisions Regarding Mergers and Acquisitions of Domestic Enterprises by Foreign Investors (the "M&A Rules"),
  which took effect as of September 8, 2006, and as amended on June 22, 2009. This regulation, among other things, has certain provisions
  that require offshore special purpose vehicles formed for the purpose of acquiring PRC domestic companies and controlled directly
  or indirectly by PRC individuals and companies, to obtain the approval of MOFCOM prior to engaging in such acquisitions and to
  obtain the approval of the CSRC prior to publicly listing their securities on an overseas stock market. On September 21, 2006,
  the CSRC published on its official website a notice specifying the documents and materials that are required to be submitted for
  obtaining CSRC approval.
  The
  application of the M&A Rules with respect to our corporate structure remains unclear, with no current consensus existing among
  leading PRC law firms regarding the scope and applicability of the M&A Rules. We believe that the MOFCOM and CSRC approvals
  under the M&A Rules were not required in the context of our share exchange transaction because at such time the share exchange
  was a foreign related transaction governed by foreign laws, not subject to the jurisdiction of PRC laws and regulations. However,
  we cannot be certain that the relevant PRC government agencies, including the CSRC and MOFCOM, would reach the same conclusion,
  and we cannot be certain that MOFCOM or the CSRC will not deem that the transactions effected by the share exchange circumvented
  the M&A Rules, and other rules and notices, or that prior MOFCOM or CSRC approval is required for overseas financing. Further,
  we cannot rule out the possibility that the relevant PRC government agencies, including MOFCOM, would deem that the M&A Rules
  required us or our entities in China to obtain approval from MOFCOM or other PRC regulatory agencies in connection with WFOE's
  control of Wujiang Luxiang through contractual arrangements.
  If
  the CSRC, MOFCOM, or another PRC regulatory agency subsequently determines that CSRC, MOFCOM or other approval was required for
  the share exchange transaction and/or the VIE arrangements between WFOE and Wujiang Luxiang, or if prior CSRC approval for overseas
  financings is required and not obtained, we may face severe regulatory actions or other sanctions from MOFCOM, the CSRC or other
  PRC regulatory agencies. In such event, these regulatory agencies may impose fines or other penalties on our operations in the
  PRC, limit our operating privileges in the PRC, delay or restrict the repatriation of the proceeds from overseas financings into
  the PRC, restrict or prohibit payment or remittance of dividends to us or take other actions that could have a material adverse
  effect on our business, financial condition, results of operations, reputation and prospects, as well as the trading price of
  our common stock. The CSRC or other PRC regulatory agencies may also take actions requiring us, or making it advisable for us,
  to delay or cancel overseas financings, to restructure our current corporate structure, or to seek regulatory approvals that may
  be difficult or costly to obtain.
  The
  M&A Rules, along with certain foreign exchange regulations discussed below, will be interpreted or implemented by the relevant
  government authorities in connection with our future offshore financings or acquisitions, and we cannot predict how they will
  affect our acquisition strategy. For example, Wujiang Luxiang's ability to remit its profits to us, or to engage in foreign-currency-denominated
  borrowings, may be conditioned upon compliance with the SAFE registration requirements by such Chinese domestic residents, over
  whom we may have no control.
  20
  Table of Contents
  Regulations
  relating to offshore investment activities by PRC residents may limit our ability to acquire PRC companies and could adversely
  affect our business.
  In
  July 2014, SAFE promulgated the
  Circular on Issues Concerning Foreign Exchange Administration Over the Overseas Investment
  and Financing and Roundtrip Investment by Domestic Residents Via Special Purpose Vehicles
  , or Circular 37, which replaced
  Relevant
  Issues Concerning Foreign Exchange Control on Domestic Residents' Corporate Financing and Roundtrip Investment
  through Offshore Special Purpose Vehicles
  , or Circular 75. Circular 37 requires PRC residents to register with local branches
  of SAFE in connection with their direct establishment or indirect control of an offshore entity, referred to in Circular 37 as
  a "special purpose vehicle" for the purpose of holding domestic or offshore assets or interests. Circular 37 further
  requires amendment to a PRC resident's registration in the event of any significant changes with respect to the special
  purpose vehicle, such as an increase or decrease in the capital contributed by PRC individuals, share transfer or exchange, merger,
  division or other material event. Under these regulations, PRC residents' failure to comply with specified registration
  procedures may result in restrictions being imposed on the foreign exchange activities of the relevant PRC entity, including the
  payment of dividends and other distributions to its offshore parent, as well as restrictions on capital inflows from the offshore
  entity to the PRC entity, including restrictions on its ability to contribute additional capital to its PRC subsidiaries. Further,
  failure to comply with the SAFE registration requirements could result in penalties under PRC law for evasion of foreign exchange
  regulations.
  As
  Circular 37 is newly-issued, it is unclear how these regulations will be interpreted and implemented. In addition, different local
  SAFE branches may have different views and procedures as to the interpretation and implementation of the SAFE regulations, and
  it may be difficult for our ultimate shareholders or beneficial owners who are PRC residents to provide sufficient supporting
  documents required by the SAFE or to complete the required registration with the SAFE in a timely manner, or at all. Any failure
  by any of our shareholders who is a PRC resident, or is controlled by a PRC resident, to comply with relevant requirements under
  these regulations could subject us to fines or sanctions imposed by the PRC government, including restrictions on WFOE's
  ability to pay dividends or make distributions to us and on our ability to increase our investment in the WFOE.
  Our
  agreements with Wujiang Luxiang are governed by the laws of the PRC and we may have difficulty in enforcing any rights we may
  have under these contractual arrangements.
  As
  all of our contractual arrangements with Wujiang Luxiang are governed by the PRC laws and provide for the resolution of disputes
  through arbitration in the PRC, they would be interpreted in accordance with PRC law and any disputes would be resolved in accordance
  with PRC legal procedures. The legal environment in the PRC is not as developed as in the United States. As a result, uncertainties
  in the PRC legal system could further limit our ability to enforce these contractual arrangements. Furthermore, these contracts
  may not be enforceable in China if PRC government authorities or courts take a view that such contracts contravene PRC laws and
  regulations or are otherwise not enforceable for public policy reasons. In the event we are unable to enforce these contractual
  arrangements, we may not be able to exert effective control over Wujiang Luxiang, and our ability to conduct our business may
  be materially and adversely affected.
  The
  Wujiang Luxiang Shareholders have potential conflicts of interest with us, which may adversely affect our business.
  All
  ultimate individual shareholders of the 11 Chinese entities and Mr. Huichun Qin, which collectively own 100% of Wujiang Luxiang's
  outstanding equity interests, or their representatives, are beneficial owners of shares of common stock of CCC through their BVI
  entities. Equity interests held by each of these shareholders in CCC is less than its interest in Wujiang Luxiang as a result
  of our introduction of outside investors as shareholders of CCC. In addition, such shareholders' equity interest in our
  company will be further diluted as a result of any future offering of equity securities. As a result, conflicts of interest may
  arise as a result of such dual shareholding and governance structure.
  If
  such conflicts arise, these shareholders may not act in our best interests and such conflicts of interest may not be resolved
  in our favor. In addition, these shareholders may breach or cause Wujiang Luxiang to breach or refuse to renew the VIE Agreements
  that allow us to exercise effective control over Wujiang Luxiang and to receive economic benefits from Wujiang Luxiang. Delaware
  law provides that directors owe a fiduciary duty to a company, which requires them to act in good faith and in the best interests
  of the company and not to use their positions for personal gain. If we cannot resolve any conflicts of interest or disputes between
  us and such shareholders or any future beneficial owners of Wujiang Luxiang, we would have to rely on arbitral or legal proceedings
  to remedy the situation. Such arbitral and legal proceedings may cost us substantial financial and other resources and result
  in disruption of our business, the outcome of which may adversely affect the Company.
  21
  Table of Contents
  If
  Wujiang Luxiang, or PFL fail to maintain the requisite registered capital, licenses and approvals required under PRC law, our
  business, financial condition and results of operations may be materially and adversely affected.
  Foreign
  investment is highly regulated by the PRC government and the foreign investment in the lending industry is restricted by local
  authorities. Numerous regulatory authorities of the central PRC government, provincial and local authorities are empowered to
  issue and implement regulations governing various aspects of the lending industry. Foreign investment in the financial leasing
  industry is also subject to foreign investment regulations. Each of Wujiang Luxiang and PFL are required to obtain and maintain
  certain assets relevant to its business as well as applicable licenses or approvals from different regulatory authorities in order
  to provide their current services. These registered capital and licenses are essential to the operation of our business and are
  generally subject to annual review by the relevant governmental authorities. Furthermore, Wujiang Luxiang and PFL may be required
  to obtain additional licenses. If we fail to obtain or maintain any of the required registered capital, licenses or approvals,
  our continued business operations in the lending, and leasing industries may subject us to various penalties, such as confiscation
  of illegal net revenue, fines and the discontinuation or restriction of our operations. Any such disruption in the business operations
  of Wujiang Luxiang or PFL will materially and adversely affect our business, financial condition and results of operations.
  Risks
  Relating to Our Securities
  Trading
  of our common stock on NASDAQ has been suspended since September 11, 2014.
  We
  have received requests from NASDAQ related to additional information surrounding the Transfer at Issue. If we are not able to
  respond to the additional information requests by NASDAQ to the satisfaction of NASDAQ, then the trading halt of our common stock
  will not be lifted and it is possible that NASDAQ will initiate a delisting procedure.
  If
  our common stock is delisted from NASDAQ and transferred to the over-the-counter market, the spreads between the bid and ask prices
  for our common stock may increase and the execution time for orders may be longer. The delisting of our common stock from NASDAQ
  may result in decreased liquidity, thereby making the trading of our common stock more difficult. In addition, delisting from
  the NASDAQ might negatively impact our reputation and, as a consequence, our business.
  Even
  if our common stock resumes trading, it may be thinly traded and our stockholders may be unable to sell at or near ask prices
  or at all if they need to sell their shares to raise money or otherwise desire to liquidate their shares.
  Our
  common stock may be "thinly-traded", meaning that the number of persons interested in purchasing our common stock
  at or near bid prices at any given time may be relatively small or non-existent. This situation may be attributable to a number
  of factors, including the fact that we are a small company which is relatively unknown to stock analysts, stock brokers, institutional
  investors and others in the investment community that generate or influence sales volume, and that even if we came to the attention
  of such persons, they tend to be risk-averse and might be reluctant to follow an unproven company such as ours or purchase or
  recommend the purchase of our shares until such time as we became more seasoned. As a consequence, there may be periods of several
  days or more when trading activity in our shares is minimal or non-existent, as compared to a seasoned issuer which has a large
  and steady volume of trading activity that will generally support continuous sales without an adverse effect on share price. Broad
  or active public trading market for our common stock may not develop or be sustained.
  22
  Table of Contents
  The
  market price for our common stock may be volatile.
  The
  market price for our common stock may be volatile and subject to wide fluctuations due to factors such as:
  ●
  the
      perception of U.S. investors and regulators of U.S. listed Chinese companies;
  ●
  actual
      or anticipated fluctuations in our quarterly operating results;
  ●
  changes
      in financial estimates by securities research analysts;
  ●
  negative
      publicity, studies or reports;
  ●
  conditions
      in Chinese credit markets;
  ●
  changes
      in the economic performance or market valuations of other microcredit companies;
  ●
  announcements
      by us or our competitors of acquisitions, strategic partnerships, joint ventures or capital commitments;
  ●
  addition
      or departure of key personnel;
  ●
  fluctuations
      of exchange rates between RMB and the U.S. dollar; and
  ●
  general
      economic or political conditions in China.
  In
  addition, the securities market has from time to time experienced significant price and volume fluctuations that are not related
  to the operating performance of particular companies. These market fluctuations may also materially and adversely affect the market
  price of our common stock.
  Volatility
  in our common stock price may subject us to securities litigation.
  The
  market for our common stock may have, when compared to seasoned issuers, significant price volatility and we expect that our share
  price may continue to be more volatile than that of a seasoned issuer for the indefinite future. In the past, plaintiffs have
  often initiated securities class action litigation against a company following periods of volatility in the market price of its
  securities. We may, in the future, be the target of similar litigation. Securities litigation could result in substantial costs
  and liabilities and could divert management's attention and resources.
  As
  an "emerging growth company" under applicable law, we will be subject to lessened disclosure requirements. Such reduced
  disclosure may make our common stock less attractive to investors.
  For
  as long as we remain an "emerging growth company" as defined in the JOBS Act, we will elect to take advantage of certain
  exemptions from various reporting requirements that are applicable to other public companies that are not "emerging growth
  companies", including, but not limited to, not being required to comply with the auditor attestation requirements of Section
  404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in our periodic reports and proxy
  statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder
  approval of any golden parachute payments not previously approved. Because of these lessened regulatory requirements, our stockholders
  would be left without information or rights available to stockholders of more mature companies. If some investors find our common
  stock less attractive as a result, there may be a less active trading market for our common stock and our stock price may be more
  volatile.
  Our
  status as an "emerging growth company" under the JOBS Act may make it more difficult to raise capital when we need
  to do it.
  Because
  of the exemptions from various reporting requirements provided to us as an "emerging growth company", we may be less
  attractive to investors and it may be difficult for us to raise additional capital as and when we need it. If we are unable to
  raise additional capital as and when we need it, our financial condition and results of operations may be materially and adversely
  affected.
  We
  will incur increased costs and demands upon management as a result of complying with the laws and regulations that affect public
  companies, which could materially adversely affect our results of operations, financial condition, business and prospects.
  As
  a public company and particularly after we cease to be an "emerging growth company," we will incur significant legal,
  accounting and other expenses that we did not incur as a private company, including costs associated with public company reporting
  and corporate governance requirements. These requirements include compliance with Section 404(b) and other provisions of the Sarbanes-Oxley
  Act, as well as Section 14 rules implemented by the SEC and NASDAQ. In addition, our management team will also have to adapt to
  the requirements of being a public company. We expect that compliance with these rules and regulations will substantially increase
  our legal and financial compliance costs and will make some activities more time-consuming and costly.
  23
  Table of Contents
  The
  increased costs associated with operating as a public company will decrease our net income or increase our net loss, and may require
  us to reduce costs in other areas of our business or increase the prices of our products or services. Additionally, if these requirements
  divert our management's attention from other business concerns, they could have a material adverse effect on our results
  of operations, financial condition, business and prospects.
  We
  are obligated to develop and maintain proper and effective internal control over financial reporting. We may not complete our
  analysis of our internal control over financial reporting in a timely manner, or these internal controls may not be determined
  to be effective, which may adversely affect investor confidence in our company and, as a result, the value of our common stock.
  We
  will be required, pursuant to Section 404 of the Sarbanes-Oxley Act, to furnish a report by management on, among other things,
  the effectiveness of our internal control over financial reporting for fiscal 2014, the first fiscal year beginning after our
  initial public offering. This assessment will need to include disclosure of any material weaknesses identified by our management
  in our internal control over financial reporting and, after we cease to be an "emerging growth company," a statement
  that our independent registered public accounting firm has issued an opinion on our internal control over financial reporting.
  We
  are in the early stages of the costly and challenging process of compiling the system and processing documentation necessary to
  perform the evaluation needed to comply with Section 404. We may not be able to complete our evaluation, testing and any required
  remediation in a timely fashion. During the evaluation and testing process, if we identify one or more material weaknesses in
  our internal control over financial reporting, we will be unable to assert that our internal controls are effective.
  If
  we are unable to assert that our internal control over financial reporting is effective, or if, when required, our independent
  registered public accounting firm is unable to express an opinion on the effectiveness of our internal controls, we could lose
  investor confidence in the accuracy and completeness of our financial reports, which would cause the price of our common stock
  to decline, and we may be subject to investigation or sanctions by the SEC.
  We
  will be required to disclose changes made in our internal controls and procedures on a quarterly basis. However, our independent
  registered public accounting firm will not be required to formally attest to the effectiveness of our internal control over financial
  reporting pursuant to Section 404 until the later of the year following our first annual report required to be filed with the
  SEC, or the date we are no longer an "emerging growth company" as defined in the JOBS Act, if we take advantage of
  the exemptions contained in the JOBS Act. We will remain an "emerging growth company" for up to five years. However,
  if the market value of our common stock that is held by non-affiliates exceeds $700 million as of any July 31 before that time,
  our revenues exceed $1 billion, or we issue more than $1 billion in non-convertible debt in a three-year period, we would cease
  to be an "emerging growth company" as of the following January 31. To comply with the requirements of being a public
  company, we may need to undertake various actions, such as implementing new internal controls and procedures and hiring accounting
  or internal audit staff.
  Our
  independent registered public accounting firm is not required to formally attest to the effectiveness of our internal control
  over financial reporting until the later of the year following our first annual report required to be filed with the SEC, or the
  date we are no longer an "emerging growth company." At such time, our independent registered public accounting firm
  may issue a report that is adverse in the event it is not satisfied with the level at which our controls are documented, designed
  or operating. Our remediation efforts may not enable us to avoid a material weakness in the future.
  24
  Table of Contents
  Provisions
  in our By-laws and Delaware laws might discourage, delay or prevent a change of control of our company or changes in our management
  and, therefore, depress the trading price of our common stock.
  Provisions
  of our by-laws and Delaware laws may discourage, delay or prevent a merger, acquisition or other change in control that stockholders
  may consider favorable, including transactions in which you might otherwise receive a premium for your shares of our common stock.
  These provisions may also prevent or frustrate attempts by our stockholders to replace or remove our management. These provisions
  include:
  ●
  the
      inability of stockholders to act by written consent or to call special meetings;
  ●
  the
      ability of our board of directors to make, alter or repeal our by-laws; and
  ●
  the
      ability of our board of directors to designate the terms of and issue new series of preferred stock without stockholder approval.
  In
  addition, we are subject to Section 203 of the Delaware General Corporation Law, which generally prohibits a Delaware corporation
  from engaging in any of a broad range of business combinations with an interested stockholder for a period of three years following
  the date on which the stockholder became an interested stockholder, unless such transactions are approved by our board of directors.
  The existence of the foregoing provisions and anti-takeover measures could limit the price that investors might be willing to
  pay in the future for shares of our common stock. They could also deter potential acquirers of our company, thereby reducing the
  likelihood that you could receive a premium for your common stock in an acquisition.
  The
  elimination of monetary liability against our directors, officers and employees under our certificate of incorporation and the
  existence of indemnification of our directors, officers and employees under Delaware law may result in substantial expenditures
  by us and may discourage lawsuits against our directors, officers and employees.
  Our
  certificate of incorporation contains provisions which eliminate the liability of our directors for monetary damages to us and
  our stockholders to the maximum extent permitted under the corporate laws of Delaware. We may also provide contractual indemnification
  obligations under agreements with our directors, officers and employees. These indemnification obligations could result in our
  incurring substantial expenditures to cover the cost of settlement or damage awards against directors, officers and employees,
  which we may be unable to recoup. These provisions and resultant costs may also discourage us from bringing a lawsuit against
  directors, officers and employees for breach of their fiduciary duties, and may similarly discourage the filing of derivative
  litigation by our shareholders against our directors, officers and employees even though such actions, if successful, might otherwise
  benefit the Company and our shareholders.
  USE
  OF PROCEEDS
  The
  Company will not receive any proceeds from the sale of the shares by the Selling Stockholders. We will receive proceeds from the
  exercise of the options; however, no assurance can be given as to when or if any or all of the options will be exercised. If any
  options are exercised, the proceeds derived therefrom will be used for working capital and general corporate purposes. All expenses
  of the registration of the shares will be paid by us. See "Selling Stockholders" and "Plan of Distribution."
  SELLING
  STOCKHOLDERS
  This
  reoffer prospectus relates to our Common Stock that are being registered for reoffers and resales by selling stockholders who
  have acquired or may acquire shares pursuant to the 2014 Incentive Plan. Offers and sales by selling stockholders who are our
  "affiliates" (as such term is defined in Rule 405 under the Securities Act) are also covered by this reoffer prospectus.
  The selling stockholders are our prior, current and future officers and directors (or any of their respective assigns) who have
  acquired or may acquire in the future shares of our Common stock under the 2014 Incentive Plan. The selling stockholders may,
  from time to time, resell all, a portion or none of the shares of our Common stock covered by this reoffer prospectus. There is
  no assurance that any of the selling stockholders will sell any or all of the shares offered by them under this reoffer prospectus.
  The address for each of the selling stockholders listed below is c/o China Commercial Credit, Inc., 890 Yongkang Road, Wujang,
  Suzhou, Jiangsu Province People's Republic of China, and our telephone number is +86 (10) 8494-5799. The information contained
  in this table reflects "beneficial" ownership. As of November 21, 2016, the Company had 16,637,679Common Stock outstanding.
  Beneficial ownership information reflected in the table includes shares issuable within 60 days of the date hereof upon the exercise
  of outstanding options/warrants issued by the Company at their initial exercise prices.
  Any
  changed information will be set forth in an amendment to the registration statement or supplement to this reoffer prospectus,
  to the extent required by law.
  Name
  Position,
  Office, or
  Other
  Material
  Relationship
  Beneficially Owned
  by the Selling
  Stockholder
  Which may be sold under
  this Reoffer Prospectus by
  the Selling Stockholder
  John Levy
  Director
  29,250
  29,250
  Long Yi
  CFO and Director
  415,000
  415,000
  Jinggen Ling
  Former Director
  270,000
  270,000
  Yang Jie
  Advisor
  300,000
  300,000
  Shanchun Huang
  Advisor
  300,000
  300,000
  Total:
  1,314,250
  1,314,250
  25
  Table of Contents
  PLAN
  OF DISTRIBUTION
  In
  this section of the reoffer prospectus, the term "selling stockholder" means and includes:
  ●
  the
      persons identified in the table above as the selling stockholders;
  ●
  those
      persons whose identities are not known as of the date hereof but may in the future be eligible to receive stock or options
      under the Plans; and
  ●
  any
      of the donees, pledgees, distributees, transferees or other successors in interest of those persons referenced above who may:
      (a) receive any of the shares of our Common stock offered hereby after the date of this reoffer prospectus and (b) offer
      or sell those shares hereunder.
  The
  shares of our Common stock offered by this reoffer prospectus may be sold from time to time directly by the selling stockholders.
  Alternatively, the selling stockholders may from time to time offer such shares through underwriters, brokers, dealers, agents
  or other intermediaries. The selling stockholders as of the date of this reoffer prospectus have advised us that there were no
  underwriting or distribution arrangements entered into with respect to the Common stock offered hereby. The distribution of the
  Common stock by the selling stockholders may be effected: in one or more transactions that may take place on the Nasdaq Capital
  Market (including one or more block transaction) through customary brokerage channels, either through brokers acting as agents
  for the selling stockholders, or through market makers, dealers or underwriters acting as principals who may resell these shares
  on the Nasdaq Capital Market; in privately-negotiated sales; by a combination of such methods; or by other means. These transactions
  may be effected at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at other
  negotiated prices. Usual and customary or specifically negotiated brokerage fees or commissions may be paid by the selling stockholders
  in connection with sales of our Common stock.
  The
  selling stockholders may enter into hedging transactions with broker-dealers in connection with distributions of the shares or
  otherwise. In such transactions, broker-dealers may engage in short sales of the shares of our Common stock in the course of hedging
  the positions they assume with the selling stockholders. The selling stockholders also may sell shares short and redeliver the
  shares to close out such short positions. The selling stockholders may enter into option or other transactions with broker-dealers
  which require the delivery to the broker-dealer of shares of our Common stock. The broker-dealer may then resell or otherwise
  transfer such shares of Common stock pursuant to this reoffer prospectus.
  The
  selling stockholders also may lend or pledge shares of our Common stock to a broker-dealer. The broker-dealer may sell the shares
  of Common stock so lent, or upon a default the broker-dealer may sell the pledged shares of Common stock pursuant to this reoffer
  prospectus. Any securities covered by this reoffer prospectus which qualify for sale pursuant to Rule 144 may be sold under Rule
  144 rather than pursuant to this reoffer prospectus.
  The
  selling stockholders have advised us that they have not entered into any agreements, understandings or arrangements with any underwriters
  or broker-dealers regarding the sale of their securities. There is no underwriter or coordinating broker acting in connection
  with the proposed sale of shares of Common stock of the selling stockholders.
  Although
  the shares of Common stock covered by this reoffer prospectus are not currently being underwritten, the selling stockholders or
  their underwriters, brokers, dealers or other agents or other intermediaries, if any, that may participate with the selling security
  holders in any offering or distribution of Common stock may be deemed "underwriters" within the meaning of the Act
  and any profits realized or commissions received by them may be deemed underwriting compensation thereunder.
  Under
  applicable rules and regulations under the Exchange Act, any person engaged in a distribution of shares of the Common stock offered
  hereby may not simultaneously engage in market making activities with respect to the Common stock for a period of up to five days
  preceding such distribution. The selling stockholders will be subject to the applicable provisions of the Exchange Act and the
  rules and regulations promulgated thereunder, including without limitation Regulation M, which provisions may limit the timing
  of purchases and sales by the selling stockholders.
  26
  Table of Contents
  In
  order to comply with certain state securities or blue sky laws and regulations, if applicable, the Common stock offered hereby
  will be sold in such jurisdictions only through registered or licensed brokers or dealers. In certain states, the Common stock
  may not be sold unless they are registered or qualified for sale in such state, or unless an exemption from registration or qualification
  is available and is obtained.
  We
  will bear all costs, expenses and fees in connection with the registration of the Common stock offered hereby. However, the selling
  stockholders will bear any brokerage or underwriting commissions and similar selling expenses, if any, attributable to the sale
  of the shares of Common stock offered pursuant to this reoffer prospectus. We have agreed to indemnify certain of the selling
  security holders against certain liabilities, including liabilities under the Act, or to contribute to payments to which any of
  those security holders may be required to make in respect thereof.
  There
  can be no assurance that the selling stockholders will sell any or all of the securities offered by them hereby.
  LEGAL
  MATTERS
  The
  validity of the shares of our Common stock being offered herein has been passed upon for us by Hunter Taubman Fischer& Li,
  LLC.
  EXPERTS
  Marcum Bernstein
  & Pinchuk LLP, an independent registered public accounting firm, has audited our financial statements incorporated by reference
  in this prospectus for the years ended December 31, 2015 and December 31, 2014. Our financial statements for the years
  ended December 31, 2015 and December 31, 2014 are incorporated by reference in reliance on the reports of Marcum Bernstein &
  Pinchuk LLP, given upon its authority as experts in accounting and auditing.
  WHERE
  YOU CAN FIND MORE INFORMATION
  This
  prospectus is part of a Registration Statement on Form S-8 that we filed with the SEC. Certain information in the Registration
  Statement has been omitted from this prospectus in accordance with the rules of the SEC. We file annual, quarterly and special
  reports, proxy statements and other information with the SEC. You can inspect and copy the Registration Statement as well as reports,
  proxy statements and other information we have filed with the SEC at the public reference room maintained by the SEC at 100 F
  Street N.E. Washington, D.C. 20549, You can obtain copies from the public reference room of the SEC at 100 F Street N.E. Washington,
  D.C. 20549, upon payment of certain fees. You can call the SEC at 1-800-732-0330 for further information about the public reference
  room. We are also required to file electronic versions of these documents with the SEC, which may be accessed through the SEC's
  World Wide Web site at http://www.sec.gov.
  No
  dealer, salesperson or other person is authorized to give any information or to make any representations other than those contained
  in this prospectus, and, if given or made, such information or representations must not be relied upon as having been authorized
  by us. This prospectus does not constitute an offer to buy any security other than the securities offered by this prospectus,
  or an offer to sell or a solicitation of an offer to buy any securities by any person in any jurisdiction where such offer or
  solicitation is not authorized or is unlawful. Neither delivery of this prospectus nor any sale hereunder shall, under any circumstances,
  create any implication that there has been no change in the affairs of our company since the date hereof.
  DISCLOSURE
  OF COMMISSION POSITION ON INDEMNIFICATION FOR
  SECURITIES LAW LIABILITIES
  Delaware
  law and our articles of association provide that we may indemnify our directors, officers, advisors and trustee acting in relation
  to any of our affairs against actions, proceedings, costs, charges, losses, damages and expenses incurred by reason of any act
  done or omitted in the execution of their duty in their capacities as such. Under our articles of association and Delaware common
  law, indemnification is not available, however, if those events were incurred or sustained by or through their own dishonesty,
  fraud, gross negligence, willful neglect or default. While our Articles of Association explicitly prohibit indemnification in
  cases involving willful neglect or default, the Cayman Island common law extends this prohibition to cases involving dishonesty,
  fraud and gross negligence.
  Insofar
  as indemnification for liabilities arising under the Securities Act of 1933, as amended (the "Securities Act") may
  be permitted to our directors, officers and controlling persons (within the meaning of the Securities Exchange Act) pursuant to
  the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such
  indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. See also Registrant's
  undertakings in Section 9 of this Registration Statement.
  CHINA
  COMMERCIAL CREDIT, INC.
  1,314,250
  Shares of Common
  stock
  Par Value $0.001 Per
  Share
  REOFFER PROSPECTUS
  November 23, 2016
  27
  Table of Contents
  PART
  II
  INFORMATION
  REQUIRED IN THE REGISTRATION STATEMENT
  ITEM
      3.
  INCORPORATION
      OF CERTAIN DOCUMENTS BY REFERENCE.
  China Commercial
  Credit, Inc. (the "Registrant") hereby incorporates by reference in this Registration Statement the following documents
  and information previously filed with the Commission:
  The
  following documents are incorporated in this Prospectus by reference:
  (a)
  the
      Company's Annual Report on Form 10-K for the year ended December 31, 2015;
  (b)
  the
      Company's Proxy Statement on Schedule 14A, as filed with the SEC on December 11, 2014;
  (c)
  the
      Company's Quarterly Report on Form 10-Q for the periods ended March 31, 2016;
  (d)
  the
      Company's Quarterly Report on Form 10-Q for the periods ended June 30, 2016
  (e)
  the
      Company's Quarterly Report on Form 10-Q for the periods ended September 30, 2016;
  (f)
  the
      Company's current reports on Form 8-K filed on September 27, 2016;
  (g)
  the
      Company's current reports on Form 8-K filed on September 15, 2016;
  (h)
  the
      Company's current reports on Form 8-K filed on June 23, 2016;
  (i)
  the
      Company's current reports on Form 8-K filed on June 13, 2016;
  (j)
  the
      Company's current reports on Form 8-K filed on June 2, 2016;
  (k)
  the
  Company's current reports on Form 8-K filed on April 28, 2016
  (l)
  the Company's current reports on Form 8-K filed
  on April 26, 2016
  (m)
  the Company's current reports on Form 8-K filed
  on February 29, 2016
  (n)
  the description of the Common Stock, $0.001 par value
  per share, contained in the Registrant's registration statement on Form S-1 filed with the Commission on June 7, 2013 pursuant
  to Section 12(b) of the Exchange Act and all amendments or reports filed by us for the purpose of updating those descriptions.
  II-
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  Table of Contents
  All
  documents subsequently filed by the Registrant pursuant to Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act
  of 1934 (the "1934 Act") and prior to the filing of a post-effective amendment which indicates that all securities
  offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference
  in this registration statement and to be a part hereof from the date of filing such documents. Any statement contained in this
  registration statement shall be deemed to be modified or superseded to the extent that a statement contained in a subsequently
  filed document which is, or is deemed to be, incorporated by reference herein modifies or supersedes such statement. Any statement
  so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration
  statement. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed
  to be modified or superseded for purposes of this registration statement to the extent that a statement contained in any other
  subsequently filed document that is or is deemed to be incorporated by reference herein, modifies or supersedes such statement.
  ITEM
      4.
  DESCRIPTION
      OF SECURITIES.
  Not
  applicable.
  ITEM
      5.
  INTERESTS
      OF NAMED EXPERTS AND COUNSEL.
  None
  ITEM
      6.
  INDEMNIFICATION
      OF DIRECTORS AND OFFICERS.
  Delaware
  law and our articles of association provide that we may indemnify our directors, officers, advisors and trustee acting in relation
  to any of our affairs against actions, proceedings, costs, charges, losses, damages and expenses incurred by reason of any act
  done or omitted in the execution of their duty in their capacities as such. Under our articles of association and Delaware common
  law, indemnification is not available, however, if those events were incurred or sustained by or through their own dishonesty,
  fraud, gross negligence, willful neglect or default. While our Articles of Association explicitly prohibit indemnification in
  cases involving willful neglect or default, the Cayman Island common law extends this prohibition to cases involving dishonesty,
  fraud and gross negligence.
  Insofar
  as indemnification for liabilities arising under the Securities Act of 1933, as amended (the "Securities Act") may
  be permitted to our directors, officers and controlling persons (within the meaning of the Securities Exchange Act) pursuant to
  the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such
  indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. See also Registrant's
  undertakings in Section 9 of this Registration Statement.
  ITEM 7.
  EXEMPTION FROM REGISTRATION CLAIMED.
  Not
  applicable.
  ITEM 8.
  EXHIBIT
  5.1
  Opinion
      of Hunter Taubman Fischer& Li, LLC
  23.1
  Consent
      of Hunter Taubman Fischer& Li, LLC (included in Exhibit 5.1)
  23.2
  Consent
      of Marcum Bernstein & Pinchuk LLP
  24.1
  Power
      of Attorney (included in the signature page to this Registration Statement)
  99.1
  China Commercial Credit, Inc. 2014 Equity Incentive Plan
  (incorporated by reference to Annex A in the Company's Definitive 14A filed on December 11, 2014)
  II-
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  Table of Contents
  ITEM
  9. UNDERTAKINGS.
  (a) The
  Registrant hereby undertakes:
  (1) To
  file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
  (a) To
  include any prospectus required by Section 10(a)(3) of the Securities Act;
  (b) To
  reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent
  post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
  forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if
  the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high
  end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if,
  in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price
  set forth in the "Calculation of Registration Fee" table in the effective Registration Statement;
  (c) To
  include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement
  or any material change to such information in the Registration Statement;
  Provided,
  however
  , that paragraphs (a)(1)(a) and (a)(1)(b) do not apply if the Registration Statement is on Form S-8
  and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports
  filed with or furnished to the SEC by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated
  by reference in the Registration Statement.
  (2) That,
  for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be
  a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall
  be deemed to be the initial
  bona fide
  offering thereof.
  (3) To
  remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at
  the termination of the offering.
  (b) The
  Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's
  annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an
  employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference
  in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and
  the offering of such securities at that time shall be deemed to be the initial
  bona fide
  offering thereof.
  (c) Insofar
  as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons
  of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
  SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the
  event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
  or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
  is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant
  will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
  jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
  be governed by the final adjudication of such issue.
  II-
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  Table of Contents
  SIGNATURES
  Pursuant to the requirements
  of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements
  for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
  duly authorized, in the City of Wujiang, Jiangsu Province China, this 23rd day of November, 2016.
  CHINA
   COMMERCIAL CREDIT, INC.
  By:
  /s/
      Mingjie     Zhao
  Name:
  Mingjie
      Zhao
  Title:
  Chief
      Executive Officer
  (Principal
      Executive Officer)
  By:
  /s/
      Long     Yi
  Name:
  Long
      Yi
  Title:
  Chief
      Financial Officer
  (Principal
      Accounting and Financial Officer)
  Power
  of Attorney
  KNOW
  ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Mingjie Zhao and Long Yi
  and each of them, his or her true and lawful attorneys-in-fact and agents, each with full power of substitution and re-substitution,
  for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective
  amendments) to this Registration Statement and any and all related registration statements pursuant to Rule 462(b) of the Securities
  Act, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
  Commission, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their substitute or
  substitutes, may lawfully do or cause to be done by virtue hereof.
  Pursuant
  to the requirements of the Securities Act of 1933, the following persons in the capacities and on the dates indicated have signed
  this Registration Statement or Amendment thereto on Form S-8.
  SIGNATURE
  TITLE
  DATE
  /s/ Mingjie Zhao
  Chief Executive Officer and Director
  November 23, 2016
  Mingjie Zhao
  (Principal Executive Officer)
  /s/ Long Yi
  Chief Financial Officer
  November 23, 2016
  Long Yi
  (Principal Accounting and Financial Officer)
  /s/ Teck Chuan Yeo
  November 23, 2016
  Teck Chuan Yeo
  Director
  /s/ Weiliang Jie
  Director
  November 23, 2016
  Weiliang Jie
  /s/ John F. Levy
  Director
  November 23, 2016
  John F. Levy
  II-
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  Table of Contents
  EXHIBIT
  5.1
  Opinion
      of Hunter Taubman Fischer& Li, LLC
  23.1
  Consent
      of Hunter Taubman Fischer& Li, LLC (included in Exhibit 5.1)
  23.2
  Consent
      of Marcum Bernstein & Pinchuk LLP
  24.1
  Power
      of Attorney (included in the signature page to this Registration Statement)
  99.1
  China Commercial Credit, Inc. 2014 Equity Incentive Plan
  (incorporated by reference to Annex A in the Company's Definitive 14A filed on December 11, 2014)
  II-5