Beijing Urban Construction Investment & Development Co., Ltd. (SHSE:600266) agreed to acquire Beijing Urban Construction Xingrui Real Estate Development Co., Ltd. from Beijing Urban Construction Group Co., LTD. for CNY 158.7072 million on January 13, 2023. The transaction was approved by Beijing Urban Construction Investment & Development Co., Ltd. twenty-fifth meeting of the eighth session of the board of directors. For the year ended, June 30, 2022, Beijing Urban Construction Xingrui Real Estate Development Co., Ltd. total asset is CNY 36918.66 million and net asset is CNY 103.27 million.