Wuhan Broadcasting Real Estate Co., Ltd. signed the share transfer contract to acquire 30% stake in Wuhan Broadcasting Haige Real Estate Development Co., Ltd. from Guangzhou Haige Communications Group Incorporated Company (SZSE:002465) for approximately CNY 300 million on December 21, 2017. Wuhan Broadcasting Real Estate Co., Ltd. won the bid to acquire 30% stake in Wuhan Broadcasting Haige Real Estate Development Co., Ltd. Wuhan Broadcasting Real Estate Co., Ltd. cancelled the acquisition of 30% stake in Wuhan Broadcasting Haige Real Estate Development Co., Ltd. from Guangzhou Haige Communications Group Incorporated Company (SZSE:002465) on December 21, 2018.