Crown International Corporation Limited cancelled the acquisition of business of Xinyuan SH from Xinyuan Agriculture Technology Development Company Limited.

Crown International Corp Ltd is an investment holding company principally engaged in the property investment business. The Company operates its business through six segments. The Property Investment segment is mainly engaged in the investment in properties in China including commercial buildings, hotels and residential and commercial complexes. The Comprehensive Healthcare Planning and Management Services segment is mainly engaged in the provision of comprehensive healthcare planning and management services to the healthcare operators. The Property Development segment is mainly engaged in property development and sales of properties in China. The Hotel Operations segment is mainly engaged in hotel rental and food and beverage business in China. The Financial Consultancy Service segment is mainly engaged in the provision of financial consultancy services to assist customers to obtain financing. The Unallocated segment is mainly engaged in the corporate office business of the Company.