Shanghai Kangyue Investment Management Co., Ltd. signed an agreement to acquire an additional 51% stake in Shanghai Yinyue Property Co., Ltd. from Yinyi Co., Ltd. (SZSE:000981) for approximately CNY 210 million on September 19, 2018. Prior to the transaction, Shanghai Kangyue Investment Management Co., Ltd. held 25% stake and Yinyi Co., Ltd. held 51% stake in Shanghai Yinyue Property Co., Ltd. After the transaction, Shanghai Kangyue Investment Management Co., Ltd. will hold 76% stake and Yinyi Co., Ltd. will hold no stake in Shanghai Yinyue Property Co., Ltd. Shanghai Yinyue Property Co., Ltd. reported total assets of CNY 1.39 billion and net assets of CNY 120.53 million as at December 31, 2017. Shanghai Yinyue Property Co., Ltd. reported revenues of CNY 244.85 million, operating loss of CNY 27 million and net loss of CNY 21.18 million in 2017. The Board of Directors of Yinyi Co., Ltd. approved the transaction. Shanghai Kangyue Investment Management Co., Ltd. cancelled the acquisition of an additional 51% stake in Shanghai Yinyue Property Co., Ltd. from Yinyi Co., Ltd. (SZSE:000981) on September 19, 2019.