An unknown buyer agreed to acquire 29% stake in Rongcheng Huafa Real Estate Co., Ltd from Huafa Industrial Co., Ltd. Zhuhai (SHSE:600325) and others for CNY 29 million on January 6, 2012. As per the terms of the deal, the buyer will acquire 14% stake in Rongcheng Huafa Real Estate Co., Ltd from Huafa Industrial Co., Ltd. Zhuhai for CNY 14 million and will acquire the remaining 15% stake in Rongcheng Huafa Real Estate Co., Ltd from an unknown seller for CNY 15 million. Pursuant to the transaction, Huafa Industrial Co., Ltd. will own 36% stake in Rongcheng Huafa Real Estate Co., Ltd. The transaction has been approved by the Board of Huafa Industrial Co., Ltd. Zhuhai.

An unknown buyer cancelled the acquisition of 29% stake in Rongcheng Huafa Real Estate Co., Ltd from Huafa Industrial Co., Ltd. Zhuhai (SHSE:600325) and others on January 6, 2013.