Qingdao Asia Star Group Co., Ltd. entered into an agreement to acquire remaining 90% stake in Jining Haiqing Property Co., Ltd. from Shenzhen Capstone Industrial Co.,Ltd. (SZSE:000038) for approximately CNY 130 million on August 15, 2017. In a related transaction, Qingdao Asia Star Group Co., Ltd. signed a share transfer agreement to acquire 83% stake in Qingdao Guangshun Real Estate Co., Ltd. from Shenzhen Capstone Industrial Co.,Ltd. (SZSE:000038) for CNY 41.6 million on August 15, 2017. For the year ended December 31, 2016, Jining Haiqing Property reported total assets of CNY 611.3 million, net assets of CNY 173.7 million, revenue of CNY 42.5 million, operating profit of CNY 1.6 million, and net profit of CNY 10.5 million. The transaction has been approved by the 9th directorate in its 16th meeting of Shenzhen Capstone Industrial Co.,Ltd.