Ningxia Ruiyin Nonferrous Metal Technology Co., Ltd. agreed to acquire remaining 55% stake in Ningxia Ruiyin Lead Resources Recycling Co., Ltd. from Beijing GeoEnviron Engineering & Technology, Inc. (SHSE:603588) on April 24, 2020. Under the terms, Ningxia Ruiyin Nonferrous Metal will return all loans to Beijing GeoEnviron Engineering & Technology. As of March 31, 2020, Ningxia Ruiyin Lead Resources had total assets of CNY 41.4 million and net assets of CNY 28.81 million. As of April 24, 2020, Board of Directors of Beijing GeoEnviron Engineering & Technology approved the transaction. The transaction does not need to be submitted to the shareholders meeting for deliberation.