Zhuhai Zhengfang Group Co., Ltd. agreed to acquire an additional 9.39% stake in Shenzhen Jianyi Decoration Group Co., Ltd. (SZSE:002789) from Liu Haiyun for approximately CNY 220 million on September 3, 2021. Share transfer agreement was signed on September 9, 2021. The transaction was approved by the board of directors of Zhuhai Zhengfang Group on September 3, 2021. Post closing of the transaction Zhuhai Zhengfang Group will own 22.91% stake and Liu Haiyun stake is reduced from 37.59% to 28.20% in Shenzhen Jianyi Decoration.