Beijing Honggao Creative Construction Design Co., Ltd. (SZSE:002504) agreed to acquire 5% stake in Beijing Royalkitchen Science And Technology Co.,Ltd for CNY 3.5 million on November 7, 2016. Under the terms of the transaction Beijing Honggao Creative Construction Design Co., Ltd. will acquire 1 million shares of Beijing Royalkitchen Science And Technology Co.,Lt. Beijing Honggao Creative Construction Design Co., Ltd. will use its own funds of CNY 3.5 million for the acquisition. For the year ended December 31, 2015 Beijing Royalkitchen Science And Technology Co.,Lt reported total revenue of CNY 73.7 million, total assets of CNY 49.6 million, net profit of CNY 6.9 million and net assets of CNY 19.2 million. As of November 7, 2016 Board of Beijing Honggao Creative Construction Design Co., Ltd. approved the transaction. Beijing Honggao Creative Construction Design Co., Ltd. (SZSE:002504) completed the acquisition of 5% stake in Beijing Royalkitchen Science And Technology Co.,Ltd on November 24, 2016.