Guomai Technologies, Inc. (SZSE:002093) signed share transfer agreement to acquire Fujian Guomai Real Estate Development Co., Ltd. from Fujian Guomai Group Co., Ltd. on April 25, 2017. The pricing principle will be based on the assessment value. During the year ended December 31, 2016, Fujian Guomai Real Estate Development Co., Ltd. reported total assets of CNY 87.48 million, net assets of CNY 24.88 million, revenue of CNY 0 and net loss of CNY 0.03 million. The transaction is subject to the shareholders of Guomai Technologies, Inc. As on April 25, 2017, transaction has been approved by the Board of Guomai Technologies, Inc. and shareholders of Fujian Guomai Real Estate Development Co., Ltd.