Inner Mongolia Tianshou Technology and Development Co., Ltd. (SZSE:000611) signed an agreement to acquire 75% stake in Jinlin Tianchi Molybdenum Industry Co., Ltd. from Jinlin Tiancheng Mining Co., Ltd. for approximately CNY 950 million on April 17, 2017. As per the agreement on March 22, 2022, Tianshou Development and Tianchi Mining agreed to cancel the CNY 342 million for acquiring creditor's right. As per terms of agreement, Inner Mongolia Tianshou will acquire 75% equity stake in Jinlin Tianchi Molybdenum for CNY 953.5 million in addition, Inner Mongolia Tianshou will also acquire creditor's right of CNY 342 million owned by Jinlin Tiancheng Mining Co., Ltd. to Jinlin Tianchi Molybdenum Industry Co., Ltd. for CNY 342 million. The consideration is payable in cash. The transaction price will be funded by Inner Mongolia Tianshou from a private placement of approximately CNY 1.3 billion.

Inner Mongolia Tianshou Technology and Development Co., Ltd. (SZSE:000611) completed the acquisition of 75% stake in Jinlin Tianchi Molybdenum Industry Co., Ltd. from Jinlin Tiancheng Mining Co., Ltd. on December 29, 2017.