Shanghai Aj Group Co.,Ltd agreed to acquire remaining 4.44% stake in Shanghai Fangda Investment Development Co., Ltd. from Shanghai Jianling Industry and Trade Industrial Co., Ltd. for CNY 10 million.

SHANGHAI AJ GROUP CO.,LTD., formerly Shanghai AJ Corporation, is principally engaged in investment trust service, international trading, and real estate management business. Through its subsidiaries, the Company primarily investment its assets in real estates, and involves in the import and export of merchandises, as well as the management and leasing of real estate. The Company operates its businesses primarily in Eastern China and Hong Kong, with Eastern China as its major market.