Yunnan Chengtou Kangyuan Investment Co., Ltd. agreed to acquire Yunnan Metropolitan Longjiang Real Estate Development Co., Ltd. from Yunnan Metropolitan Real Estate Development Co.Ltd (SHSE:600239) on June 9, 2022. Consideration will be paid within 5 working days from the date when this contract takes effect and the prerequisites stipulated in this contract are satisfied. For December 31, 2021, Yunnan Metropolitan Longjiang Real Estate reported total assets of CNY 4.8 billion, net assets of CNY 59.6 million, operating income of CNY 251.1 million and net profit of CNY 179.6 million.

Yunnan Metropolitan Real Estate Development Co.Ltd hired ShineWing Certified Public Accountants Co., Ltd. and Beijing Yachao Assets Appraisal Co., Ltd. to audit and evaluate Longjiang Company. This transaction still needs to be submitted to the company's fifth extraordinary general meeting in 2022 for deliberation in the form of a special resolution. As of June 25, 2022.

The resolution of the fifth extraordinary general meeting of shareholders confirmed by the signatures of the directors and the recorder and stamped with the seal of the board of directors. As of October 17, 2022, Yunnan Metropolitan RealEstate Development informed that on June 30, 2022, the company recovered all the equity funds of Yunnan Metropolitan Longjiang Real Estate Development.