Changchun Hi-tech Investment Co., Ltd. agreed to acquire Changchun High-tech Real Estate Development Co., Ltd. from Changchun High-Tech Industries (Group) Inc. (SZSE:000661) for CNY 2.4 billion on April 17, 2023. Transaction is financed through issuance of exchangeable corporate bonds by Changchun Chaoda Investment Group. Transaction has been approved by Changchun High-Tech's directors and is subject to approval from shareholder's approval, Changchun Chaoda Investment's directors and shareholders approval, state-owned assets supervision and management approval. For the period December 31, 2022, Changchun High-tech had CNY 63.5554 million of Net profit, CNY 804.2511 million of Revenue, CNY 2391.0689 million of Net Assets and CNY 6278.6687 million of Total assets.

Changchun Hi-tech Investment Co., Ltd. cancelled the acquisition of Changchun High-tech Real Estate Development Co., Ltd. from Changchun High-Tech Industries (Group) Inc. (SZSE:000661) on November 23, 2023.