Talent Property Group Limited (SEHK:760) entered into the equity transfer agreement to acquire the remaining 49% stake in Guangzhou Guoyou Logistics Co., Ltd. for CNY 24 million on January 20, 2021. The total consideration shall be payable by Talent Property Group Limited in cash within three days from the date of the equity transfer agreement. Upon completion the acquisition, Guangzhou Guoyou Logistics Co., Ltd. will become a wholly-owned subsidiary of Talent Property Group Limited. As at June 30, 2020, the unaudited total assets and net asset value of Guangzhou Guoyou Logistics Co., Ltd. was approximately CNY 1644.7 million and CNY 691.7 million, respectively. The transaction has been approved by the Board of Directors of Talent Property Group Limited.

Talent Property Group Limited (SEHK:760) completed the acquisition of the remaining 49% stake in Guangzhou Guoyou Logistics Co., Ltd. during the year ended December 31, 2021.