Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. (SZSE:000613) signed a share transfer framework agreement to acquire Hainan Luoniushan Industrial Co., Ltd. from Luoniushan Co., Ltd. (SZSE:000735) on April 27, 2017. Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. (SZSE:000613) signed a share transfer agreement to acquire Hainan Luoniushan Industrial Co., Ltd. from Luoniushan Co., Ltd. (SZSE:000735) for approximately CNY 300 million on August 13, 2017. Post transfer, Luoniushan Co., Ltd will no longer hold stake in Hainan Luoniushan Industrial Co., Ltd. Hainan Luoniushan Industrial Co., Ltd reported total assets of CNY 235.1 million, net assets of CNY 141 million, revenues of CNY 206.7 million, operating profit of CNY 13.5 million and net profit of CNY 10.1 million for the year ended December 31, 2016. The Board of Directors of Luoniushan Co., Ltd. approved the framework agreement. On July 26, 2017, the Board of Directors of Luoniushan Co., Ltd. approved the signing of a supplemental framework agreement extending the effective period to October 26, 2017. The Board of Directors of Luoniushan Co., Ltd. approved the signing of agreement on August 13, 2017.

Hainan Dadonghai Tourism Centre (Holdings) Co., Ltd. (SZSE:000613) cancelled the acquisition of Hainan Luoniushan Industrial Co., Ltd. from Luoniushan Co., Ltd. (SZSE:000735) on April 27, 2018.