Shenzhen Qianhai Xuanzhuo Investment Management Co., Ltd. signed the equity transfer intention agreement to acquire 12.19% stake in Guangdong Boxin Investing & Holdings Co., Ltd. (SHSE:600083) from Yang Zhimao for approximately CNY 580 million on November 13, 2015. On November 25, 2015, an agreement was signed. Shenzhen Qianhai Xuanzhuo Investment Management Co., Ltd. will acquire 32.4 million shares of Guangdong Boxin Investing & Holdings for CNY 18 per share. On completion, Yang Zhimao will no more hold any share in Guangdong Boxin Investing & Holdings.

Shenzhen Qianhai Xuanzhuo Investment Management Co., Ltd. completed the acquisition of 12.19% stake in Guangdong Boxin Investing & Holdings Co., Ltd. (SHSE:600083) from Yang Zhimao on January 6, 2016.