Zhongnan Urban Construction Investment Co., Ltd. agreed to acquire Nantong Zhongnan Century City Property Management Co., Ltd. from Jiangsu Zhongnan Construction Group Co., Ltd. (SZSE:000961) for CNY 10 million on April 13, 2016. In related transactions, Zhongnan Urban Construction Investment Co., Ltd. agreed to acquire 100% stakes in Hainan Zhongnan Property Service Co., Ltd., Haimen Zhongnan Property Management Co., Ltd., Anqing Zhongnan Century City Property Management Co., Ltd., Zhenjiang Century City Property Management Co., Ltd. and 48% stake in Qingdao Zhongnan Property Management Co., Ltd. As of November 30, 2015, Nantong Zhongnan Century City Property Management reported total assets of CNY 119.07 million and net asset of CNY 9.92 million. Zhongnan Urban Construction Investment Co., Ltd. cancelled the acquisition of Nantong Zhongnan Century City Property Management Co., Ltd. from Jiangsu Zhongnan Construction Group Co., Ltd. (SZSE:000961) on April 13, 2017.