Beijing Tourism Group Co., Ltd. agreed to acquire 8.28% stake in Beijing Shouqi (Group) Co., Ltd. from BTG Hotels (Group) Co., Ltd. (SHSE:600258) for approximately CNY 160 million on April 25, 2016. As of December 31, 2015, Beijing Shouqi (Group) Co., Ltd. reported total assets of CNY 4.2 billion, net assets of CNY 2.4 billion, revenue of CNY 7.7 billion, net loss of CNY 147 million. The deal is subject to approval of shareholders of BTG Hotels (Group) Co., Ltd. in a meeting to be held on May 20, 2016.

Shareholders of BTG Hotels (Group) Co., Ltd. approved the transaction on May 20, 2016.