Beijing Zhaohuixin Business Management Co., Ltd signed a share transfer agreement to acquire 5% stake in Beijing Orient Landscape & Environment Co.,Ltd. (SZSE : 002310) from He Qiaonv for approximately CNY 790 million on August 2, 2019. Under the terms, Beijing Zhaohuixin Business Management will acquire 134.2 million shares at a price of CNY 5.9 per share. The transaction is subject to approval of the relevant State-owned Assets Supervision and Administration Commission department and approval of the undertaking of concentration by the Anti-monopoly Bureau of the State Administration for market regulation. The transaction was approved by the controlling shareholders of Beijing Zhaohuixin Business Management on August 2, 2019.