Lander Real Estate Co., Ltd. (SZSE:000558) agreed to acquire 51% stake in Zhejiang Rock Energy Co Ltd from Zhao Qingsong for CNY 35.5 million on December 30, 2013. The funds needed for this equity acquisition will be funded using the Lander Real Estate Co.,Ltd.'s own funds. Within 10 working days from the date this contract is signed, Lander Real Estate Co.,Ltd. shall pay Zhao Qingsong a deposit of CNY 5 million.

Within 30 days after the following conditions are met, Lander Real Estate Co.,Ltd. shall pay Zhao Qingsong an equity transfer payment of CNY 11 million. Within 60 days after the aforesaid 2nd payment is made, Lander Real Estate Co.,Ltd. shall pay Zhao Qingsong an equity transfer payment of CNY 14.5 million. Within 15 days after Zhejiang Rock Energy Co., Ltd. completes the first gas station, Lander Real Estate Co.,Ltd. shall pay Zhao Qingsong an equity transfer payment of CNY 5 million.

As of November 30, 2013, Zhejiang Rock Energy Co., Ltd. has total assets of CNY 92.16 million and total liabilities of CNY 41.26 million. The transaction has been approved by Board of Directors of Lander Real Estate Co.,Ltd. and shareholders of Zhejiang Rock Energy Co Ltd.