$400 million for three companies

First Open shares (600376) announcement, to invest in the establishment of Guiyang first Kai Tai Real Estate Development Co., Ltd., Mianyang first Kai Hing Thai Property Limited and Mianyang Rong Tai Property Co.　　Long Tai Real estate investment 200 million yuan, the first open occupies 100% shares, mainly engaged in the new competition in Guiyang city, LongDong area three plots of residential construction and ancillary commercial project development and operation; Xingtai property investment 200 million yuan, the first open to occupy 100% shares, the new company will actively participate in Mianyang local land open market operation. Rongtai Real Estate registered capital of 10 million yuan, of which the first open capital of 5.1 million yuan, accounting for the newly established company 51% shares, Mianyang Han-Wei Realty Development Co., Ltd. 4.9 million yuan, accounting for the new company 49% shares. The new company will actively participate in the open market operation in Mianyang local land and seek new land reserves.