Qingdao Asia Star Group Co., Ltd. signed a share transfer agreement to acquire 83% stake in Qingdao Guangshun Real Estate Co., Ltd. from Shenzhen Capstone Industrial Co.,Ltd. (SZSE:000038) for CNY 41.6 million on August 15, 2017. In a related transaction, Qingdao Asia Star Group Co., Ltd. entered into an agreement to acquire remaining 90% stake in Jining Haiqing Property Co., Ltd. from Shenzhen Capstone Industrial Co.,Ltd. (SZSE:000038) for approximately CNY 130 million on August 15, 2017. Qingdao Guangshun Real Estate Co., Ltd. had total assets of CNY 243.76 million, net assets of CNY 48.99 million, revenue of CNY 45.94 million, operating profit of CNY 4.18 million and net profit of CNY 0.02 million as on December 31, 2016. The transaction has been approved by the Board of Directors of Shenzhen Capstone Industrial Co.,Ltd. during the 16th meeting of the 9th directorate on August 15, 2017.