Liyang City Construction Development Group Co.,Ltd. agreed to acquire 6.53% stake in Jiangsu Tianmu Lake Tourism Co.,Ltd (SHSE:603136) from Meng Guangcai for approximately CNY 360 million on March 10, 2023. On May 29, 2023 Jiangsu SASAC’s Approval was received.

Liyang City Construction Development Group Co.,Ltd. completed the acquisition of 6.53% stake in Jiangsu Tianmu Lake Tourism Co.,Ltd (SHSE:603136) from Meng Guangcai on June 29, 2023.