Beijing Capital Tourism Co., Ltd. (SHSE:600258) agreed to acquire remaining 25% stake in BTG-Jianguo Hotels & Resorts Co., Ltd from Hongkong Polaris Hotels Limited and Ctrip.com (Hong Kong) Limited for CNY 22.5 million on December 27, 2012. Beijing Capital Tourism Co., Ltd. will acquire 15% stake from Ctrip.com (Hong Kong) Ltd. for CNY 13.47 million and will acquire 10% stake from HongKong Polaris Hotel Ltd. for CNY 8.98 million. As of september 30, 2012, BTG-Jianguo Hotels & Resorts Co., Ltd. reported total assets of CNY 46.26 million, total liabilities of CNY 12.95 million, net assets of CNY 33.32 million, revenue of CNY 26.15 million and net profit of CNY 7.94 million.

The transaction does not need to be approved by Beijing Capital Tourism Co., Ltd.'s shareholders. The transaction has been approved by Board of Directors of Beijing Capital Tourism Co., Ltd. on December 27, 2012.