Flower King Eco-Engineering Inc. (SHSE:603007) agreed to acquire 80% stake in Zhongwei International Engineering Co., Ltd. from Xie Shaoning, Rong Yan, and Wang Wei for approximately CNY 140 million on September 15, 2017. Zhongwei International Engineering Co., Ltd. reported total assets of CNY 29.63 million and net assets of CNY 19.23 million as at December 31, 2016. Zhongwei International Engineering Co., Ltd. reported revenues of CNY 37.46 million and net profit of CNY 6.14 million in 2016. The Board of Flower King Eco-Engineering Inc. approved the transaction on September 15, 2017. The transaction does not need the shareholders' approval.