00106.HK announced that on May 31, 2022, the company's indirect wholly-owned subsidiary intends to acquire the remaining 45% of Suzhou Langkun Real Estate, a non-wholly-owned subsidiary, for RMB 82.7553 million. Upon completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of the company.

The company believes that the acquisition will help the company to obtain full control over the target company and will help the company to make more effective use of the surplus cash of the target company.