Shanghai Urban Architecture Design Co., Ltd. (SZSE:300983) and Shenzhen Qicheng Urban Development and Operation Co., Ltd. entered into Share Transfer Framework Agreement to acquire Guangzhou Weishen Urban Planning and Design Co., Ltd. from Wang Xiaowen and Ye Mianhai for CNY 0.6 million on December 29, 2022. Shanghai Urban Architecture Design Co., Ltd. (SZSE:300983) will acquire 64.35% from Wang Xiaowen and 0.65% from Ye Mianhai for CNY 0.4 million. Shenzhen Qicheng Urban Development and Operation Co., Ltd. will acquire 34.65% from Wang Xiaowen and 0.35% from Ye Mianhai for CNY 0.2 million. The deal has been approved in the 8th Meeting of Shanghai Urban Architecture Design Directorate held on December 29, 2022.

Shanghai Urban Architecture Design Co., Ltd. (SZSE:300983) and Shenzhen Qicheng Urban Development and Operation Co., Ltd. completed the acquisition of Guangzhou Weishen Urban Planning and Design Co., Ltd. from Wang Xiaowen and Ye Mianhai on February 13, 2023.