Jiangxi Nanshui Prefabricated Building Technology Co., Ltd. agreed to acquire 12% stake in Hunan Development Chunhua Health Investment Co., Ltd. from Hunan Development Group Co.,Ltd (SZSE:000722) for CNY 20.7 million on May 26, 2021. Jiangxi Nanshui Prefabricated Building Technology Co., Ltd. signed a contract to acquire 12% stake in Hunan Development Chunhua Health Investment Co., Ltd. from Hunan Development Group Co.,Ltd on June 28, 2021. Jiangxi Nanshui Prefabricated shall pay the consideration in a lump sum within 5 working days after the signing of this contract. The Board of Hunan Development Group approved the deal on May 26, 2021. As per update on July 5, 2021, Jiangxi Nanshui Prefabricated Building Technology Co., Ltd. has remitted the transaction price to settlement account. The State-owned Assets Supervision and Administration Commission reviewed and approved the same. On July 22, 2021, Changsha County Market Supervision and Administration Bureau approved the transaction.