Luo Yumin and Zhang Juan agreed to acquire the remaining 51% stake in Hefei Arboriculture Garden Construction Co., Ltd. from Beijing Shenhuaxin Co., Ltd. (SZSE:000010) for CNY 2.7 million on December 27, 2013. Under the terms of agreement, Luo Yumin acquired additional 41% stake for CNY 2.14 million and Zhang Juan acquired 10% stake for CNY 0.52 million. For the year ending December 31, 2012, Hefei Arboriculture Garden Construction reported total assets of CNY 13.5 million, net assets of CNY 4.9 million, revenue of CNY 20.5 million and net profit of CNY 3.4 million.

As of December 27, 2013, Beijing Shenhuaxin approved the transaction in its 18th session of the 8th Directorate. The transaction is not subject to shareholders of Beijing Shenhuaxin.