Shandong Luzhong Investment Co., Ltd. signed an agreement to acquire 15.7% stake in Shandong Pharmaceutical Glass Co., Ltd (SHSE:600529) from YiYuan State-owned Assets Administration Committee on June 28, 2019. As per the transaction, Shandong Luzhong Investment Co., Ltd. will acquire 93.18 million shares. In a related transaction, Shandong Luzhong Investment Co., Ltd. signed an agreement to acquire 6.1% stake in Shandong Pharmaceutical Glass Co., Ltd from Yiyuan County Nanma Street Collective Assets Management Center on June 28, 2019. Post completion of both transactions, Shandong Luzhong Investment Co., Ltd. will hold 129.38 million shares representing 21.74% stake in Shandong Pharmaceutical Glass Co., Ltd. Zibo City State-owned Assets Supervision and Administration Commission has approved the transaction on August 14, 2019. Shandong Luzhong Investment Co., Ltd. completed the acquisition of 15.7% stake in Shandong Pharmaceutical Glass Co., Ltd (SHSE:600529) from YiYuan State-owned Assets Administration Committee on November 19, 2019. Shandong Pharmaceutical Glass Co., Ltd received the confirmation letter of the transfer registration from China Securities Depository and Clearing Co., Ltd. forwarded by Luzhong Investment, confirming that the transfer formalities of YiYuan State-owned Assets Administration Committee had been completed.