Zhongshan Hengxiang Investment Co., Ltd. agreed to acquire 25% stake in Zhongshan Jonjee Precision Machinery Co., Ltd. from Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. (SHSE:600872) for CNY 15 million on April 15, 2016. As of December 31, 2015, Zhongshan Jonjee Precision Machinery had total assets of CNY 87.14 million, net assets of CNY 37.97 million, revenue of CNY 64.27 million and net profit of CNY 6.38 million. The transaction has been approved in the 12th meeting of Jonjee Hi-tech Industrial's 8th directorate.