Beijing State-owned Capital Operation and Management Company Limited entered into a sale and purchase agreement to acquire 10% stake in Shoucheng Holdings Limited (SEHK:697) from China Gate Investments Limited on September 15, 2022. As per the transaction, Beijing State-owned Capital Operation and Management Company Limited will acquire 728,035,520 shares of Shoucheng Holdings Limited.

Beijing State-owned Capital Operation and Management Company Limited completed the acquisition of 10% stake in Shoucheng Holdings Limited (SEHK:697) from China Gate Investments Limited on November 14, 2022.