Rising Nonferrous Metals Share Co.,Ltd. (SHSE:600259) agreed to acquire 40% stake in Guangdong Dabaoshan Mining Co., Ltd. from Guangdong Rising Assets Management Co., Ltd. for approximately CNY 440 million on November 12, 2020. The consideration shall be paid as approximately CNY 131 million within 5 days after the agreement is effective and approximately CNY 305 million within 10 days after the transfer is completed. On March 31, 2020, total asset and net asset of Guangdong Dabaoshan Mining Co., Ltd. was approximately CNY 2.9 billion and approximately CNY 290 million respectively. The transaction has been approved in the third meeting of the eighth directorate of Rising Nonferrous Metals Share Co.,Ltd. held on November 12, 2020, and is subjected to its shareholders approval. As of November 30, 2020, the transaction was approved in the third extraordinary general meeting of shareholders in 2020 of Rising Nonferrous Metals Share Co.,Ltd.