Beijing Honggao Zhongtai Investment Co., Ltd. signed an equity transfer agreement to acquire unknown minority stake in Beijing Honggao Creative Architectural Design Co., Ltd (SZSE:002504) from Beijing Honggao Huimu Investment Co., Ltd. on April 25, 2020. Under the terms, stake will include between 10-15% of the total shares of the Beijing Honggao Creative Architectural Design. The unit price of transfer, the number of shares and the transaction method are subject to Dezhou Municipal People's Government and relevant departments, releases the mortgage and freezing of the transfer of the Beijing Honggao Creative Architectural Design shares.