[EXCHANGE AGREEMENT Agreement Company Holder RECITALS Debentures Securities Purchase Agreement Purchasers “Ordinary Shares 2010 Issuance Exchanged Shares Exchanged Securities Securities Act AGREEMENT The Exchange 1. Exchange th (b) No later than the tenth (10 THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED PRIOR TO MAY 28, 2010, EXCEPT IN ACCORDANCE WITH THAT] [EXCHANGE AGREEMENT Agreement Company Holder RECITALS Debentures Securities Purchase Agreement Purchasers Ordinary Shares 2010 Issuance Exchanged Shares Exchanged Securities Securities Act AGREEMENT The Exchange 1. Exchange th (b) No later than the tenth (10 THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED PRIOR TO MAY 28, 2010, EXCEPT IN ACCORDANCE WITH THAT] [eFuture Sells Stake in Wangku Beijing, March 21, 2011 An independent third party has assessed the current fair market value of Wangku at approximately RMB10 million as of December 31, 2010 and the 51% stake owned by eFuture at approximately RMB5 million. The sale of its interest in Wangku is both a strategically and financially prudent transaction for eFuture. Looking] [FORM 6-K eFuture Information Technology Inc. 8/F TopNew Tower 2 15 Guanghua Road Chaoyang District Beijing 100026 China +86 (10) 5165 0988 x ¨ ¨ x eFuture Information Technology Inc. Adam Yan Chairman and Chief Executive Officer]