Beijing Enterprises Holdings Limited (SEHK:392) entered into an agreement to acquire 80% stake in Yan Ji Jing Cheng Environmental Co., Ltd. from BMEI Co., Ltd. for CNY 54.1 million on January 4, 2018. Beijing Enterprises Holdings Limited will fund the transaction through internal resources. As at November 30, 2017, the unaudited net asset value of Yan Ji Jing Cheng Environmental Co., Ltd was CNY 59.06 million. The transaction is subject to state-owned Assets Supervision and Administrative Commission of People’s Government of Beijing Municipality. Board of Directors of Beijing Enterprises Holdings Limited approved the transaction. Beijing Enterprises Holdings Limited (SEHK:392) cancelled the acquisition of 80% stake in Yan Ji Jing Cheng Environmental Co., Ltd. from BMEI Co., Ltd. on January 4, 2019.