Beijing New Building Materials Public Limited Company (SZSE:000786) signed an agreement to acquire remaining 30% in Beixin Yuwang Waterproof Technology (Anhui) Co., Ltd. from Liu Zhiguo for approximately CNY 110 million on March 30, 2021. Within 5 working days after the equity transfer agreement becomes effective, Beijing New Building Materials Public Limited Company shall pay the seller the first installment of the equity transfer payment of 30% and balance within 5 working days after completing the registration of the industrial and commercial change of the equity transfer. In related transactions, Beijing New Building Materials Public Limited Company signed seven separate agreements to acquire remaining 30% in other seven subsidiaries. As of February 28, 2021, Beixin Yuwang Waterproof Technology (Anhui) Co., Ltd. reported total assets of CNY 910.3 million and net assets of CNY 184.4 million. For the year ended December 31, 2020, reported revenues of CNY 967 million and net profit of CNY 78.3 million. On March 30, 2021, the Board of Directors of Beijing New Building Materials Public Limited Company approved the deal.