Beijing Capital Jiaye Property Services Co., Limited (SEHK:2210) entered into an agreement to acquire 30% stake in Beijing Zhuolian Property Management Co., Ltd. from Beijing Aiyien Investment Consulting Co., Ltd. for CNY 3.9 million on April 29, 2022. The consideration of CNY 0.778 million shall be paid within ten business days after the Equity Transfer Agreements have been signed, the general meeting of Beijing Zhuolian Property Management has passed a resolution on the Acquisition and the other shareholders of Beijing Zhuolian Property Management Co., Ltd. have issued written legal documents to waive their pre-emptive rights and Beijing Aiyien Investment Consulting Co., Ltd. have issued the full amount of notes for Beijing Capital Jiaye Property Services in compliance with the provisions of the Equity Transfer Agreements and the laws. The remaining consideration of CNY 3.112 million as per conditions listed in agreement including directors resignation, approval of resolution, conducting general meeting before May 10, 2022. In a related transaction, Beijing Capital Jiaye Property Services Co., Limited (SEHK:2210) entered into an agreement to acquire 30% stake in Beijing Zhuolian Property Management Co., Ltd. from Shanghai Yufeng Enterprise Management Consulting Firm for CNY 3.9 million on April 29, 2022. For the year ended on December 31, 2021, Beijing Zhuolian Property Management reported total assets of CNY 48.439195 million, net assets of CNY 7.900437 million and profit after tax of CNY 2.810172 million. The transaction is subject to Beijing Aiyien Investment Consulting shareholder approval, approval of board of Beijing Zhuolian Property Management, amendment of Article of Association and submitted to the company registration authority for filing application in accordance with the laws, equity transfer agreement submitted to registration authority and revocation of capital contribution certificates. The transaction is expected to close on or before June 5, 2022.

Beijing Capital Jiaye Property Services Co., Limited (SEHK:2210) entered into an agreement to acquire 30% stake in Beijing Zhuolian Property Management Co., Ltd. from Beijing Aiyien Investment Consulting Co., Ltd. in May, 2022.