Myhome Real Estate Development Group Co., Ltd. (SZSE : 000667) signed equity transfer agreement to acquire remaining 51% stake in Myhome Building Assembly Technology Co., Ltd. from Celebrities Investment Group Co., Ltd. and Wuhan Meichun Enterprise Management Consulting Partnership (Limited Partnership) for CNY 0 on December 13, 2022. Prior to closing Myhome Real Estate Development, Celebrities Investment and Wuhan Meichun own 49%, 45% and 6% stake in Myhome Building Assembly Technology and following this transaction, Myhome Real Estate Development will hold 100% stake in it, making it a wholly owned subsidiary. The Myhome Building Assembly Technology had total assets of CNY 4925.84 million and net assets of CNY -2838.82 million as of June 30, 2022.

The transaction has been unanimously approved by the Board of Myhome Real Estate Development and still need their shareholders' approval.