Along Tibet Co., Ltd. PLC. announced that it will sell its entire assets and liabilities to a Shenzhen-based investment company (Company A). The Company will also issue up to 400 million A share of common stock at a price of RMB 2.92 per share to State-owned Assets Supervision and Administration Commission of Shanghai Zhabei District (SASAC of Shanghai Zhabei District)so as to acquire a 100% stake in a Shanghai-based urban development investment company, held by SASAC of Shanghai Zhabei District.