JCHX Mining Management Co., Ltd. (SHSE:603979) agreed to acquire the remaining 35% stake in Beijing JCHX Mining Technology Research Institute Co., Ltd. from Zhou Xu, Wang Hongjiang and 4 other individuals for CNY 3.5 million on March 13, 2017. After the completion of the transaction, JCHX Mining Management Co., Ltd. will hold 100% stake in Beijing JCHX Mining Technology Research Institute Co., Ltd. The transaction was approved by the Board of JCHX Mining Management Co., Ltd. on March 13, 2017.