The related party transaction, share issuing project for asset purchasing and fund raising, of Fujian Yongan Forestry (Group) Joint-Stock Co., Ltd has been unconditionally approved by CSRC

On July 23rd, 2015, The related party transaction, share issuing project for asset purchasing and fund raising, of Fujian Yongan Forestry (Group) Joint-Stock Co., Ltd, which Grandway has provided legal service, has been unconditionally approved by the 62nd Committee of the M&A Commission of CSRC.

Yongan Forestry purchased the 100% share of Fujian Suyen Co., Ltd held by Su Jiaxu, Li jianqiang, Wang Qingyun, Wang Qingbai, Fujian Guxin Investment Co., Ltd and Fujian Nanan Xiongchuang Investment Co., Ltd, and has raised the funds of Shanghai Hanye Wealth Management and Huang Yourong. After the prescribed restructuring project has finished, Yongan Forestry will have a finger in the pie of Furniture design, producing and selling industry.