Jinjiang International Holdings Co.,Ltd enter into an agreement to acquire remaining 25% stake in Shanghai Jin Jiang Capital Company Limited for HKD 4.3 billion.

Shanghai Jin Jiang Capital Company Limited, formerly Shanghai Jin Jiang International Hotels (Group) Company Limited, is principally engaged in hotel related business, vehicles and logistics business and travel agency business. The Company operates through seven segments. The Full Service Hotels segment owns, operates and managements full service hotels. The Select Service Hotels-Managed and Operated by Jin Jiang Metropolo segment is engaged in the operation of self-owned select service. The Select Service Hotels-Managed and Operated by GDL (Groupe du Louvre) segment operates self-owned select service hotels. The Food and Restaurants segment is engaged in the operation of fast food or upscale restaurants. The Passenger Transportation Vehicles and Logistics segment is engaged in vehicle operating and related services. The Travel Agency segment is engaged in the provision of travel agency and related services. The Other Operations segment is engaged in intra-group financial services.