Xiandai Investment Co.,Ltd (SZSE:000900) agreed to acquire Hunan Changshao Lou Expressway Co., Ltd. from Hunan Rail Transit Holding Group Co.,Ltd for CNY 3.8 billion on March 13, 2020. Xiandai Investment Co.,Ltd signed equity transfer agreement to acquire Hunan Changshao Lou Expressway Co., Ltd. from Hunan Rail Transit Holding Group Co.,Ltd on March 26, 2020. Xiandai Investment will make a first payment of CNY 1.9 billion to the designated account of the Hunan United Property Exchange within 5 days since signing of the corresponding agreement. The rest of the compensation will be paid before May 30, 20202. The day when the whole compensation is received by Hunn Rail Transit Holding Group Co.,Ltd will be considered the date of delivery of underlying equity. Within 10 days since the date of delivery of underlying equity, Hunan Changshao Lou Expressway will complete the relevant change of registry procedures. Xiandai Investment Co.,Ltd (SZSE:000900) cancelled the acquisition of Hunan Changshao Lou Expressway Co., Ltd. from Hunan Rail Transit Holding Group Co.,Ltd on March 13, 2021.