Shenzhen Malai Storage Company Limited signed an agreement to acquire 25% stake in Shenzhen Chiwan Wharf Holdings Ltd. (SZSE:200022) from China Nanshan Development (Group) Incorporation for CNY 1.8 billion on December 27, 2012. Shenzhen Malai Storage will acquire 161.09 million circulating A-shares of Shenzhen Chiwan Wharf for approximately CNY 11.09 per share. The transaction is subject to obtaining the formal approval of the State-owned Assets Supervision and Administration of the State Council of PRC and other relevant government departments.

The transaction was approved by State-Owned Assets Supervision and Administration Commission of the State Council.