Wei Wei agreed to acquire 3.67% of stake in Tianjin Realty Development Co., Ltd. from Tianjin Real Estate Group Co., Ltd. for CNY 92.8 million.

Tianjin Jintou Urban Development Co Ltd, formerly Tianjin Realty Development Group Co Ltd, is a China-based company principally engaged in the property development, operation, leasing and distribution. The Company is also engaged in property management, construction materials sales and other businesses. The Company mainly operates its businesses in the domestic market.