Lin Jianyu agreed to acquire Kunming Department Store Co., Ltd. from Kunming Sinobright (Group) Co., Ltd. (SZSE:000560) for CNY 15.8 million on September 8, 2016. The Board of Directors of Kunming Sinobright (Group) Co., Ltd. approved the deal. Lin Jianyu completed the acquisition of Kunming Department Store Co., Ltd. from Kunming Sinobright (Group) Co., Ltd. (SZSE:000560) on September 18, 2016.