Changchun Middle East Real Estate Development Co., Ltd. agreed to acquire 95% stake in Changchun Eurasian Jingyue Shopping Center Co., Ltd. from Chang Chun Eurasia Group Co., Ltd. (SHSE:600697) for CNY 269.7 million on August 5, 2020. As of April 29, 2020, board of directors of Chang Chun Eurasia Group Co., Ltd. approved the transaction. On May 20, 2020, the Sixth Session of the Ninth directorate of Chang Chun Eurasia Group Co., Ltd. reviewed and approved the "Proposal on the Progress of Transfer of Equity in a Wholly Owned Subsidiary". The board of directors agreed that Chang Chun Eurasia Group Co., Ltd. management should hire a qualified intermediary agency to conduct the Audit and evaluation of the overall assets of the Changchun Eurasian Jingyue Shopping Center Co., Ltd. in accordance with procedures. It was agreed that the management of Chang Chun Eurasia Group Co., Ltd. shall transfer 95% of the equity of the Changchun Eurasian Jingyue Shopping Center Co., Ltd through public listing at the Changchun Public Resources Exchange Center in accordance with relevant regulations and the actual situation of the retail chain industry and Changchun Eurasian Jingyue Shopping Center Co., Ltd, and the remaining equity shall be transferred at the appropriate time. Changchun Eurasian Jingyue Shopping Center Co., Ltd. reported total assets of CNY 235.4471 million and net loss of CNY 0.1483 million for March 31, 2020.