Huanggang Business Department Store Co., Ltd. announced that it will receive CNY 23.594 million in an equity round of funding from existing investor Wuhan Zhongnan Commercial Group Co., Ltd. on February 28, 2013. Wuhan Zhongnan Commercial Group Co., Ltd. will also acquire 3.68% stake in the company from Huanggang Supply and Marketing Cooperative Union for CNY 3.514 million thereby increasing its stake from 51% to 65% in the company pursuant to the transaction. The registered capital of the company will increase to CNY 38 million.

As per the transaction agreement the investor, within 10 days after the signing of the agreement, must deposit CNY 20.08 million in the company's account. The company must immediately complete the verification procedures. Within the next three days after the release date of the verification report, Wuhan Zhongnan Commercial Group Co., Ltd. and Huanggang Supply and Marketing Cooperative Union must work together in completing the registration modification for industry and commerce.

In the following five days after the completion of the registration modification for industry and commerce, Wuhan Zhongnan Commercial Group Co., Ltd. must pay Huanggang Supply and Marketing Cooperative Union the acquisition price of CNY 3.514 million.