On September 30, Gelunhui announced that bbmg corporation (601992.SH) recently received the 'State-owned Property Rights Transaction Certificate' from Tianjin Property Rights, confirming that bbmg corporation successfully won the bid for 11.816% equity of Tianjin Building Materials through public listing transfer method at the reserve price. Bbmg corporation and Tianjin Investment Corporation signed the 'Property Rights Transaction Contract'. Both parties agreed to settle the transfer price in one lump sum payment. According to the trading conditions, the deposit of RMB 50,000,000 paid by the second party has automatically converted into the transfer price, and the remaining price will not be settled through Tianjin Property Rights as agreed by both parties, but will be settled by both parties themselves. The second party shall settle the remaining price mentioned above within 5 working days starting from the effective date of this contract.