Khorgos Huixinda Building Materials Co., Ltd. and Khorgos Easyhome Huida Decoration Service Co., Ltd. entered into an agreement to acquire 34% stake in Beijing Easyhome Home New Retail Chain Group Co., Ltd. from Beijing Easyhome Investment Holding Group Co.,Ltd. for 34 million on January 2, 2018. Under the terms of the transaction, Khorgos Huixinda Building Materials Co., Ltd. and Khorgos Easyhome Huida Decoration Service Co., Ltd. will acquire 17% stake each. In a related deal, Kokdala Easyhome Xingda Building Materials Studio entered into an agreement to acquire 4.5% stake in Beijing Easyhome Home New Retail Chain Group Co., Ltd. from Wang Linpeng for CNY 4.5 million on January 2, 2018. For the year ended December 31, 2017, Beijing Easyhome Home New Retail Chain Group Co., Ltd. reported total assets of CNY 21.6 billion, net assets of CNY 4.2 billion, revenue of CNY 7.4 billion, and net profit of CNY 1.4 billion.