Dalian Yida Service Consultancy Company Limited entered into a framework agreement to acquire remaining 50% stake in Dalian Qingyun Sky Property Service Company Limited from Sumitomo Realty & Development Co., Ltd. (TSE:8830) for CNY 2.6 million on May 16, 2020. Post transaction, Dalian Qingyun Sky Property Service Company Limited will be a wholly owned subsidiary of Dalian Yida Service Consultancy Company Limited. In a related transaction, Dalian Jiaguan Jincheng Corporate Management Centre entered into a framework agreement to acquire 0.02475% stake in Dalian Qingyun Sky Realty and Development Company Limited from Dalian Yida Management Consultancy Company Limited, Dalian Jiaguan Guangcheng Corporate Management Centre entered into a framework agreement to acquire 75% stake in Dalian Qingyun Sky Realty and Development Company Limited from Sumitomo Realty & Development Co., Ltd. and Yida Development Company Limited entered into a framework agreement to acquire entire equity interests in Dalian Jiaguan Guangcheng Corporate Management Centre and Dalian Jiaguan Jincheng Corporate Management Centre from China Orient Asset Management Co., Ltd. Transaction will be funded from internal resources of Dalian Yida Service Consultancy Company Limited. Dalian Qingyun Sky Property Service Company Limited reported a revenue of CNY 4.941 million, net profit before tax of CNY 0.603 million, net profit after tax of CNY 0.574 million, total assets of CNY 8.273 million and net assets of CNY 6.469 million for the year ended December 31, 2019. Dalian Yida Service Consultancy Company Limited completed the acquisition of remaining 50% stake in Dalian Qingyun Sky Property Service Company Limited from Sumitomo Realty & Development Co., Ltd. (TSE:8830) on June 12, 2020. PricewaterhouseCoopers LLP acted as an accountant to Yida China Holdings in this transaction.