January 6, 2012, Chang An Information Industry Group Co., Ltd. (600706) obtained formal approval from China Securities Regulatory Commission for its material assets reorganization.  Under the approval, Chang An Information will transfer its entire assets and debts on base date of transaction to Shanxi Huahan Industrial (Group) Co. Ltd, and issue shares to purchase scenic spots operation and management business, assets and equity interests of subsidiaries regarding cultural tourism from Xi’an Qujiang Cultural Group Co., Ltd.

Upon the completion of reorganization, the core businesses of Chang An Information will change to cultural tourism from medical and healthcare .

Jingtian & Gongcheng acted as the issuer's lawyer.