China Northern Rare Earth (Group) High-Tech Co.,Ltd. (SHSE:600111) agreed to acquire 49% stake in Sihui City Double Win Industry Co., Ltd. from Min De for CNY 22.7 million on July 25, 2017. In a related transaction, China Northern Rare Earth (Group) High-Tech Co.,Ltd. (SHSE:600111) agreed to acquire additional 5% stake in Baotou Tianjiao Semei Polishing Powder Co., Ltd. from Mitsubishi Corporation (TSE:8058) for CNY 10 million on July 25, 2017. The transaction will be financed through own funds of China Northern Rare Earth (Group) High-Tech Co.,Ltd. The transaction is approved by the Board of China Northern Rare Earth. China Northern Rare Earth (Group) High-Tech Co.,Ltd. (SHSE:600111) cancelled the acquisition of 49% stake in Sihui City Double Win Industry Co., Ltd. from Min De on July 25, 2018.