An undisclosed buyer acquired an unknown stake in Chengdu Youxing Garden Co., Ltd from Sinarmas Land Limited (SGX:A26) for approximately CNY 500 million on March 11, 2021. The consideration for the transaction was settled in cash. The aforesaid transaction is not expected to have any material financial impact for the current financial year. An undisclosed buyer completed the acquisition of an unknown stake in Chengdu Youxing Garden Co., Ltd from Sinarmas Land Limited (SGX:A26) on March 11, 2021. The financial impact to Sinarmas Land Limited's profit before tax for the financial year ended December 31, 2020 is approximately CNY 38.5 million.