JMU JMU Ltd

With respect to the Original Schedule 13D, Item 4 is hereby amended and restated in its entirety as follows:

The Reporting Persons acquired approximately 27,000,000 Ordinary Shares in September 2015 in enhance Mr. Xu’s position as the largest shareholder of Issuer. The Reporting Persons disposed in aggregate 112,107,122 and 58,680,000 on January 30, 2018 and February 27, 2018, respectively, to liquidate some of its shareholding position.

Mr. Xu, as the co-chairperson of the board of directors of the Company, may engage in communications with, without limitation, management of the Issuer, one or more members of the board of directors of the Issuer, other shareholders of the Issuer and other relevant parties, and may make suggestions, concerning the business, assets, capitalization, financial condition, operations, governance, management, prospects, strategy, strategic transactions, financing strategies and alternatives, and future plans of the Issuer, and such other matters as the Reporting Persons may deem relevant to their investment in the Issuer.

Although the Reporting Persons have no present intention to acquire additional securities of the Issuer, they intend to review their investment on a regular basis and, as a result thereof and subject to the terms and conditions of the transaction documents described in the Statement, may at any time or from time to time determine, either alone or as part of a group, (i) to acquire additional securities of the Issuer, through open market purchases, privately negotiated transactions or otherwise, (ii) to dispose of all or a portion of the securities of the Issuer owned by it in the open market, in privately negotiated transactions or otherwise or (iii) to take any other available course of action, which could involve one or more of the types of transactions or have one or more of the results described in the next paragraph of this Item 4. Any such acquisition or disposition or other transaction would be made in compliance with all applicable laws and regulations and subject to the restrictions on transfers set forth in the transaction documents described in the Statement. Notwithstanding anything contained herein, each of Reporting Persons specifically reserves the right to change its intention with respect to any or all of such matters. In reaching any decision as to its course of action (as well as to the specific elements thereof), each of the Reporting Persons currently expects that it would take into consideration a variety of factors, including, but not limited to, the following: the Issuer’s business and prospects; other developments concerning the Issuer and its businesses generally; other business opportunities available to the Reporting Persons; changes in law and government regulations; general economic conditions; and money and stock market conditions, including the market price of the securities of the Issuer.

Except as set forth in this Statement or in the transaction documents described herein, none of the Reporting Persons has any present plans or proposals that relate to or would result in:

With respect to the Original Schedule 13D, Item 5 is hereby amended and restated as follows:

New Field holds and is deemed to beneficially own 123,623,381 Ordinary Shares, representing approximately 8.37% of the Issuer’s outstanding Ordinary Shares. Mr. Xu is the sole shareholder and the sole director of New Field. Mr. Xu may be deemed to beneficially own all of the Ordinary Shares held by New Field.

Estate Spring holds and is deemed to beneficially own 27,000,000 Ordinary Shares, representing approximately 1.83% of the Issuer’s outstanding Ordinary Shares. Mr. Xu is the sole director of Estate Spring. Mr. Xu, through his and his family member’s indirect shareholding, owns approximately 84.7% of the ordinary shares of Estate Spring. Mr. Xu may be deemed to beneficially own all of the Ordinary Shares held by Estate Spring.

Link holds and is deemed to beneficially own 931,865 Ordinary Shares, representing approximately 0.06% of the Issuer’s outstanding Ordinary Shares. Mr. Xu is the sole shareholder and the sole director of Link. Mr. Xu may be deemed to beneficially own all of the Ordinary Shares held by Link.

  
Mr. Xu entered into a voting agreement (the “ Voting Agreement ”) with Ms. Wang and Ms. Zhu (Mr. Xu, Ms. Zhu and Ms. Wang collectively, the “ Key Shareholders ”). Pursuant to the Voting Agreement, Ms. Zhu, Ms. Wang and Mr. Xu, respectively, shall be entitled to designate up to two, two and three individuals for the appointment and election of the directors of the Issuer and the Key Shareholders shall be entitled to jointly designate up to three individuals, provided that the Key Shareholders and their controlled affiliates continue to beneficially own the relevant numbers of shares as required thereunder. Each Key Shareholder undertakes, and shall cause his/her controlled affiliate to, vote or execute consents with respect to all Ordinary Shares of the Company held or beneficially owned by such Key Shareholder or his/her controlled affiliate, and take all other necessary or desirable action to cause designated individuals to be elected to the board of the Issuer and prevent the removal of designated directors. A copy of the Voting Agreement is attached hereto as  Exhibit 99.7 . The description of the Voting Agreement contained herein is qualified in its entirety by reference to  Exhibit 99.7 , which is incorporated herein by reference.

Pursuant to Rule 13d-3(a) under the Act, Mr. Xu and Mr. Xu’s Entities may be deemed to share voting power with respect to the Ordinary Shares held by Ms. Zhu and her affiliates, as well as Ms. Wang and her affilaites Extensive. Mr. Xu and Mr. Xu’s Entities expressly disclaim beneficial ownership of such Ordinary Shares pursuant to Rule 13d-4 under the Act.

Except as disclosed in this Statement, none of the Reporting Persons beneficially owns any Ordinary Shares or has the right to acquire any Ordinary Shares.

Except as disclosed in this Statement, none of the Reporting Persons presently has the power to vote or to direct the vote or to dispose or direct the disposition of any Ordinary Shares that they may be deemed to beneficially own.

Other than as set forth herein, to the knowledge of each of the Reporting Persons, no Ordinary Shares are beneficially owned by any of the persons identified in Item 2 of this Statement.

With respect to the Original Schedule 13D, Item 6 is hereby amended by adding the below:

Share Disposition with Unicorn Investment Limited

New Field and Unicorn Investment Limited (“ Unicorn ”) entered into a Share Transfer Agreement on February 7, 2018 (the " Unicorn SPA "), a copy of which is attached hereto as Exhibit 99.10 . The description of the Unicorn SPA contained herein is qualified in its entirety by reference to Exhibit 99.10 , which is incorporated herein by reference. Pursuant to the Unicorn SPA, Unicorn acquired from New Field a total of 58,680,000 Ordinary Shares on February 27, 2018 for a consideration of US$3,097,000.

*Previously filed

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 2, 2018