Sunnystone Group Co., Ltd. intends to acquire 16.6% stake in Zhejiang Yuelong Mountain Tourism Development Co., Ltd. from Yuancheng Environment Co., Ltd. (SHSE:603388) for approximately CNY 125 million on May 20, 2021. The financials of Zhejiang Yuelong Mountain Tourism Development for December 31, 2020, are total assets of CNY 2.61 billion, net assets of CNY 719 million, revenues of CNY 0.12 million and net profit of CNY 3.76 million. The transaction is approved by the Board of Directors of Yuancheng Environment and does not need shareholders approval.