Tande Co., Ltd. cancelled the transaction announced on May 6, 2016

Tande Co Ltd is a China-based company principally engaged in real estate development and operation. The Company operates its businesses through three segments. The Real Estate segment is mainly engaged in real estate development and construction, and commercial property operation and management. The Property Services segment is mainly engaged in property management business. The Other segment is mainly engaged in other businesses other than the above segments. The Company mainly conducts its businesses in the domestic market.