Cheetah Mobile, Tencent Expand Strategic Cooperation Agreement

Cheetah Mobile Inc.

today announced it has entered into a new strategic cooperation agreement with Shenzhen Tencent Computer Systems Company Limited ("Tencent Shenzhen"), a subsidiary of Tencent Holdings Limited

, for the two-year period from January 1, 2016 until December 31, 2017. Under the terms of the new agreement, Cheetah Mobile and Tencent will continue to provide promotion services for each other. The table below sets out the actual transaction amounts of the promotion services provided by each party to the other party for the year ended December 31, 2014 and the eleven months ended November 30, 2015. The table also sets forth the proposed annual caps respectively under the new agreement for 2016 and 2017. Historical amount Proposed annual caps For the year endedDecember 31, 2014 For the eleven months endedNovember 30, 2015 For the year ending December 31, 2016 2017 RMB ' million Total revenue from Tencent to Cheetah Mobile for provision of promotion services 78.4 272.5 495 587 Fees payable by Cheetah Mobile to Tencent for provision of promotion services 0 42.7 30 45   Mr. Sheng Fu, Cheetah Mobile's Chief Executive Officer, stated, "We are delighted to continue our strong partnership with Tencent, one of the