Beijing Huashi United Energy Technology and Development Co., Ltd. and Beijing Sanju Environmental Protection and New Material Co., Ltd. (SZSE:300072) signed a share transfer agreement to acquire Wuhan Jinzhong Petrochemical Engineering Co., Ltd. from a group of sellers for CNY 76.9 million on December 27, 2014. The sellers include Yuan Xiurong, He Juncheng, Pan Xi, Yi Jinhua, Zhang Zhong, Yang Ming, Mi Fanghua, Li Mei, Jiang Qian, Li Qiaoyun, Xue Lizhong, Cui Jianshan, Liu Daxiang, Hu Yan, Yan Hongxia, Zou Ning, Sun Hua, Ma Kaitong, Shi Qin, Zeng Yi, Jin Yan, He Guomin and trade union committee of Wuhan Jinzhong Petrochemical. Wuhan Jinzhong had total assets of CNY 92.76 million, net assets of CNY 62.49 million, revenue of CNY 50.41 million and net profit of CNY 8.86 million for the year ending December 31, 2013.

The Directorate of Beijing Sanju Environmental Protection approved the transaction.