Lomon Billions Group Co., Ltd (SZSE:002601) agreed to acquire 15.7% stake in Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd. (SZSE:002167) from China National Nuclear Corporation for approximately CNY 870 million on November 8, 2019. Lomon Billions Group Co., Ltd will acquire 97.2 million shares at CNY 8.98 per share. After the completion of the transaction, China National Nuclear Corporation will no longer hold shares in Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd., and Lomon Billions Group Co., Ltd will become the largest shareholder of Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd. Lomon Billions Group Co., Ltd uses its own funds and bank loans to acquire Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd. The transaction needs to be submitted to the competent authority for approval.

Transaction was approved in the 23rd meeting of the 6th directorate of Lomon Billions Group Co., Ltd on October 18, 2019.