Shanghai Zhongzhong Tianyuan Real Estate Co., Ltd. agreed to acquire Tianyu Tianyuan Architectural Design Co., Ltd. from TianYu Eco-Environment Co., Ltd. (SHSE:603717) on December 14, 2022. This transaction is based on the Tianyu Tianyuan Architectural Design Co., Ltd net assets of CNY -23.949,795 million (unaudited) as of September 30, 2022, and the transaction consideration is CNY 0. As of September 30, 2022, Luxi Group Co., Ltd. reported Total Assets of CNY 95.553377 million, Net Assets of CNY -23.949795 million. TianYu Eco-Environment Co., Ltd. board approved the transaction.