Luohe Yinhe Industrial Group Co., Ltd. agreed to acquire 73.81% stake in Sichuan Yinge Bamboo Pulp Paper Industry Co., Ltd. from Henan Yinge Industrial Investment Co.,Ltd. (SHSE:600069) for CNY 1 on October 12, 2017. The transaction is subject to approval from shareholders of Henan Yinge Industrial Investment Co.,Ltd. On October 12, 2017, Henan Yinge Industrial Investment Co.,Ltd held the 28th session of its 8th directorate, approved the transaction. The shareholders of Henan Yinge Industrial Investment Co.,Ltd. approved the transaction.