Lawton Development Co., Ltd. (SHSE:600209) intend to acquire 30% stake in Hangzhou Star Road Investment Holdings Co., Ltd. for CNY 25.2 million on August 6, 2021. As per terms of transaction, consideration will be in cash. On August 6, 2021, the Lawton Development Co., Ltd. received the Inquiry Letter Concerning the Acquisition of the Controlling Equity of Star Road from the Shanghai Stock Exchange.

Lawton Development Co., Ltd. (SHSE:600209) cancelled the acquisition of 30% stake in Hangzhou Star Road Investment Holdings Co., Ltd. on March 2, 2022. The termination proposal is reviewed and approved by the 16th meeting of the 8th board of directors of Lawton.