Tianjin Ruiting Real Estate Brokerage Co., Ltd. signed a share transfer agreement to acquire 55% stake in Shanghai Gengying Information Technology Co., Ltd from Shenzhen Worldunion Group Incorporated (SZSE:002285) and Shanghai Tongtian Real Estate Consulting Co., Ltd for approximately CNY 230 million on December 8, 2020. As per terms, within 5 working days from the agreement signing date, Tianjin Ruiting Real Estate Brokerage Co., Ltd. must pay 80% of the transfer price and within 30 days after the completion of the transfer, Tianjin Ruiting Real Estate Brokerage Co., Ltd. must pay 20% of the transfer price. Shanghai Tongtian Real Estate Consulting Co., Ltd will be selling 23.6% stake and Shenzhen Worldunion Group Incorporated will sell 31.4% stake in Shanghai Gengying Information Technology Co., Ltd. As of September 30, 2021, total assets of CNY 1.4 billion and net assets of CNY 358.2 million. The transaction has been approved in the 17th Meeting of Shenzhen Worldunion Group Incorporated’s 5th Directorate and is subject to the shareholders approval.