Liyang City Construction Development Group Co.,Ltd. agreed to acquire 8.71% of stake in Jiangsu Tianmu Lake Tourism Co.,Ltd (SHSE:603136) from Meng Guangcai for approximately CNY 320 million on March 27, 2022. After, Liyang City Development's shares in the company will increase from 21,634,700 shares to 37,860,700 shares and Meng Guangcai Holding ratio will change from 34.84% to 26.13%.