Shanghai Yidao Property Co., Ltd. agreed to acquire 51% stake in Suzhou Xingzhou Property Co., Ltd. from Nanjing Chixia Development Co., Ltd. (SHSE:600533) for CNY 26 million on March 13, 2020. The transaction has been approved in the 13th Meeting of Nanjing Chixia Development's 7th Directorate held on March 13, 2020 and does not need the shareholders’ approval. As of December 31, 2019, Suzhou Xingzhou Property Co., Ltd. has total assets of CNY 410 million, net assets of CNY 50 million, net loss was CNY 0.03 million and total revenue of negative CNY 0.03 million.