Nantong Yihao Business Development Co., Ltd agreed to acquire Nantong Jinshi Shiyuan Hotel Co., Ltd from Jiangsu Zhongnan Construction Group Co., Ltd. (SZSE:000961) for CNY 330 million on May 11, 2022. As of 2021, Nantong Jinshi Shiyuan Hotel Co., Ltd reported total assets of CNY 0.179712 million, net assets of CNY -0.058185 million, revenues of CNY 0.032804 million, operating profit of CNY -0.017087 million and net profit of CNY -0.017116 million. The transaction is conditional upon approval by shareholders of Nantong Yihao Business Development Co., Ltd. As of May 11, 2022, the board of Nantong Yihao Business Development Co., Ltd approved the transaction.