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Has Zhongnan Real Estate been acquired?

It is planned to acquire all the shares of Nantong Changle Property Co., Ltd. (hereinafter referred to as "Nantong Changle") and Jiangsu Zhongnan Property Service Co., Ltd. (hereinafter referred to as "Zhongnan Property") 1% through the wholly-owned subsidiary Chuangrun Development Co., Ltd. According to the data, Nantong Changle is wholly owned by Hong Kong Rainbow Property Co., Ltd. 100%, while Zhongnan Property is owned by Nantong Changle 99% and Hong Kong Lohas Property Co., Ltd.

On may 8, zhongnan construction (00059 1. SZ) announced that Zhongnan Holdings has signed strategic cooperation agreements with Huarong Assets, Nantong Affordable Housing Construction Investment Co., Ltd., Nantong Industrial Holding Group Co., Ltd. and Jiangsu Haisheng Holding Group Co., Ltd.