Hangzhou Chengdong New Town Construction Investment Co., Ltd. agreed to acquire additional 51% stake in Hangzhou Baishi Exhibition Center Co., Ltd. from Zhejiang Southeast Space Frame Co., Ltd. (SZSE:002135) for CNY 512 million on July 13, 2022. The board of Zhejiang Southeast Space Frame has approved the deal. The deal has not needed approval from shareholders of Zhejiang Southeast Space Frame. Hangzhou Baishi Exhibition Center has reported total assets of CNY 907.925517 million on March 31, 2022 and net profit of CNY -235.455116 million on December 31, 2021.