Shenzhen Kaixuan Investment Co., Ltd. signed an agreement to acquire Jinghan Property Group Co., Ltd., Beijing Yangjia Health Management Co., Ltd., and 35% stake in Penglai Hualu Jinghan Elderly Service Co., Ltd. from Aoyuan Beauty Valley Technology Co., Ltd. (SZSE:000615) for CNY 1 billion on June 24, 2021. The contract was signed on July 14, 2021. Under the agreement, Shenzhen Kaixuan will acquire 100% stakes in Jinghan Property Group and Beijing Yangjia, and 35% stake in Penglai Hualu. The buyer shall pay the transfer price to the designated account of the seller in installments - (i) Within ten working days after this contract takes effect, the accumulated price paid reaches 40% of the transfer price; (ii) Within ten working days after the completion of the asset delivery, the accumulated price paid reaches 60% of the transfer price and (iii) Within three months after the completion of the asset delivery, the remaining transfer price shall be paid. On June 22, 2021, the board of directors of Aoyuan Beauty Valley Technology approve the public listing of equities the on the 16th meeting of the 10th Board of Directors meeting. On June 24, 2021, the transaction was approved by the Shenzhen Kaixuan Investment?s shareholder Aoyuan Group (Guangdong) Co., Ltd. On July 27, 2021, the transaction was approved by the board of directors of Aoyuan Beauty Valley Technology on the 17th meeting of the 10th Board of Directors meeting held on July 27, 2021. The transaction is still subject to Aoyuan Beauty Valley Technology's shareholder approval. Jun He Law Offices acted as a legal advisor, Mazars Certified Public Accountants LLP acted as an accountant and DONGXING SECURITIES Company Limited (SHSE:601198) acted as a financial advisor to Aoyuan Beauty Valley Technology. As of August 12, 2021, For the year ended on April 30, 2021, Jinghan Property reported total assets of CNY 712.0545 million, Shareholders equity of CNY 916.4506 million, Beijing Yangjia reported total assets of CNY 9.9956 million, Shareholders equity of CNY -4.2436 million and Penglai Elderly reported total assets of CNY 185.2343 million, Shareholders equity of CNY 32.3266 million. As of August 27, 2021, Aoyuan Beauty Valley Technology Co.,Ltd. shareholders approved the deal. As on August 30, 2021, 100% stakes in Jinghan Property Group and Beijing Yangjia have been transferred to Shenzhen Kaixuan Investment Co., Ltd. Shenzhen Kaixuan Investment Co., Ltd. completed the acquisition of 35% stake in Penglai Hualu Jinghan Elderly Service Co., Ltd. from Aoyuan Beauty Valley Technology Co.,Ltd. on November 8, 2021. Shenzhen Kaixuan Investment Co., Ltd. completed the acquisition of Jinghan Property Group Co., Ltd., Beijing Yangjia Health Management Co., Ltd., and 35% stake in Penglai Hualu Jinghan Elderly Service Co., Ltd. from Aoyuan Beauty Valley Technology Co.,Ltd. on November 8, 2021.