Beixin Ruifeng Fund Management Co., Ltd. signed the agreement to acquire 5% stake in JCHX Mining Management Co.,Ltd. (SHSE:603979) for approximately CNY 330 million on November 19, 2020. Under the agreement, Beixin Ruifeng Fund Management Co., Ltd. will acquire 29.17 million shares. Beixin Ruifeng Fund Management Co., Ltd. shall pay CNY 90 million within 10 working days of signing the agreement, CNY 196.13 million payable within 10 working days after the completion of the transaction and CNY 40 million payable within 210 working days after the completion of transaction. Beixin Ruifeng Fund Management Co., Ltd. completed the acquisition of 5% stake in JCHX Mining Management Co.,Ltd. (SHSE:603979) on November 30, 2020.