Hubei Lianan Investment Co., Ltd. signed the share transfer agreement to acquire 20% stake in Beijing Jinhaohua Real Estate Co., Ltd. from Hubei Bothwin Investment Co. Ltd. (SZSE:000760) for CNY 75 million on August 31, 2011. Within 3 working days after the signing of the agreement, Hubei Lianan will pay Hubei Bothwin CN Y40 million and within 1 month after the 1st payment, the buyer will pay the remaining balance of CNY 35 million. The share transfer was already approved by Hubei Bothwin's Directors on September 2, 2011. The share transfer still needs to be approved by the Hubei Bothwin shareholders.

Hubei Lianan Investment Co., Ltd. cancelled the acquisition of 20% stake in Beijing Jinhaohua Real Estate Co., Ltd. from Hubei Bothwin Investment Co. Ltd. (SZSE:000760) on August 31, 2012.