ShenZhen WeiYe Decoration Group Co.,LTD (SZSE:300621) intends to acquire 21% stake in Jiantai Construction Co., Ltd. from Zhuhai Qizhe Investment Co., Ltd. for CNY 66.9 million on July 19, 2021. Under the terms, ShenZhen WeiYe Decoration will pay 70% transfer price within 10 days of signing contract and remaining 30% transfer price within 10 days of completion of registration. After the acquisition, ShenZhen WeiYe Decoration will hold 61% stake in Jiantai Construction. The balance sheet items of Jiantai Construction as of June 30, 2021, are total assets of CNY 2.3 billion and net assets of CNY 139 million and financials for December 31, 2020, are total assets of CNY 1.76 billion, net assets of CNY 28.9 million, revenue of CNY 2.95 billion and net profit of CNY 18.17 million. The transaction is approved by Board of Directors of ShenZhen WeiYe Decoration.