Hainan De Jing Real Estate Investment Co., Ltd agreed to acquire 29% stake in Hainan Xinglong Fengyu Industrial Co., Ltd from Xinglong Holding (Group) Company Ltd. (SZSE:000955) for CNY 89.9 million on December 29, 2017. The transaction is approved by the shareholders of Xinglong Holding (Group) Company Ltd at the second extraordinary shareholders' meeting.