Shanghai Liangyou Group Co., Ltd. agreed to acquire building and right of 100 underground parking spaces in Shanghai from Guangming Real Estate Group Co., Ltd. (SHSE:600708) for approximately CNY 820 million on January 1, 2016. Shanghai Liangyou (Group) Co., Ltd. cancelled the acquisition of building and right of 100 underground parking spaces in Shanghai from Guangming Real Estate Group Co., Ltd. (SHSE:600708) on January 1, 2017.