Jiangsu Alcha Aluminium Co.,Ltd. (SZSE:002160) agreed to acquire 80% stake in Sichuan Chenxi Construction Engineering Co., Ltd. from Yang Jian and Huang Xiaojun for CNY 10.6 million in cash on February 1, 2016. After completion of the transaction, Jiangsu Alcha Aluminium and Yang Jian will hold 80% and 20% stake respectively. In a related transaction, Jiangsu Alcha Aluminium and Yang Jian agreed to carry out capital increase of CNY 10 million in Sichuan Chenxi Construction Engineering.