Fujian Dongbai Yuanhong Shopping Mall Co., Ltd. agreed to acquire Fujian Dongbai General Merchandise Qunsheng Shopping Center Co., Ltd. from Fujian Dongbai (group) Co.,Ltd. (SHSE:600693) and other shareholders on January 11, 2013. Post transaction, Fujian Dongbai General Merchandise Qunsheng Shopping Center Co., Ltd. name was changed to Fujian Dongbai Yuanhong Shopping Mall Co., Ltd. Fuzhou Qunsheng Branch Company. The transaction was approved by Board of Directors of Fujian Dongbai.