Shenzhen Ideal Jewellery Co.,Ltd. (SZSE:002740) signed a contract to acquire 25.3% stake in Shenzhen Rough Diamond Trading Center Co., Ltd. from Beijing Lvduyuan Asset Management Co., Ltd., Shenzhen Cheungning Diamond Co., Ltd. and Shenzhen Overseas Chinese Town Co., Ltd. (SZSE:000069) on May 25, 2017. The consideration is payable in cash and Beijing Lvduyuan Asset Management Co., Ltd. and ShenzhenCheung Ning Diamond Co.,Ltd. will sell 2.5% each for CNY 1.6 million and Shenzhen Overseas Chinese Town Co., Ltd. will sell 20.25% stake. As of December 31, 2016, Shenzhen Rough Diamond Trading Center Co., Ltd. reported total assets of CNY 40.2 million and net assets of CNY 35.9 million. The deal does not require approval from shareholders of Shenzhen Ideal Jewellery Co.,Ltd. The Board of Directors of Shenzhen Ideal Jewellery Co.,Ltd. approved the deal in its 3rd directorate's 34th meeting on May 25, 2017. In June 2017, Shenzhen Ideal Jewellery Co.,Ltd. completed the share transfer price payment. Shenzhen Rough Diamond Trading Center Co., Ltd. applied for change in shareholder matter with The Development of the Shenzhen Municipal Government Financial Services Office Municipal Finance Bureau. Shenzhen Ideal Jewellery Co.,Ltd. received notice from Shenzhen Rough Diamond Exchange Co Ltd on March 27, 2018 informing that The Development of the Shenzhen Municipal Government Financial Services Office Municipal Finance Bureau did not approve the share transfer.

Shenzhen Ideal Jewellery Co.,Ltd. (SZSE:002740) signed a contract to acquire 25.3% stake in Shenzhen Rough Diamond Trading Center Co., Ltd. from Beijing Lvduyuan Asset Management Co., Ltd., Shenzhen Cheungning Diamond Co., Ltd. and Shenzhen Overseas Chinese Town Co., Ltd. (SZSE:000069) on April 10, 2018.