BAOZUN INC

Ticker: BZUN CUSIP: 06684L103 Class: SPONSORED ADR

Champlain Investment Partners, LLC's Holding History (CIK: 0001315478)

Note: Option positions (PUT/CALL) are excluded.

Q2 2016

Shares 70,000 Value ($000) $454 Avg Close — Range —

Q1 2016

Shares 70,000 Value ($000) $409 Avg Close — Range —

Q4 2015

Shares 70,000 Value ($000) $575 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	70,000	$454	—	—
Q1 2016	70,000	$409	—	—
Q4 2015	70,000	$575	—	—