Holsin Engineering Consulting Group Co.,Ltd. (SHSE:603909) signed a stake transfer agreement to acquire Dalian Municipal Design & Research Institute Co., Ltd. from Tan Kejun and He Jia for approximately CNY 270 million on January 19, 2017. Tan Kejun and He Jia will sell 98.33% and 1.67% for cash. The transaction is subject to approval of shareholders' of Holsin Engineering Consulting Group Co.,Ltd. in a meeting to be held on February 5, 2018. The Board of Directors of Holsin Engineering Consulting Group Co.,Ltd. approved the transaction on January 19, 2018. The shareholders of Holsin Engineering Consulting Group Co.,Ltd. approved the transaction on February 5, 2018.