Zhen Lumei agreed to acquire a 70% stake in Shanghai Weiyin Construction Engineering Co., Ltd. from Shang Hai Ya Tong Co.,Ltd.

Shang Hai Ya Tong Co Ltd is a China-based company mainly engaged in real estate development, communication pipe network construction and operation and maintenance, and construction steel trade. The real estate development business is mainly engaged in the development of commercial housing and affordable housing. The communication engineering business is mainly engaged in the construction and maintenance of communication pipe networks for the three major telecom operators and tower companies. The steel trading business is mainly engaged in the purchase and sale of steel. The Company mainly operates its businesses in the domestic market.