Beijing Zhehou New Energy Technology Development Co., Ltd signed an equity transfer agreement to acquire 2.42% stake in Shandong Shida Shenghua Chemical Group Company Limited (SHSE:603026) from Shanghai Principle Capital Enterprise (Limited Partnership) managed by Principle Capital Limited for CNY 98 million on January 10, 2019. Under the terms, Beijing Zhehou New Energy Technology Development will acquire 4.9 million shares at CNY 20 per share. The consideration will be done in one single installments within 5 days since obtaining approval for the transaction from the Shanghai Stock Exchange. In related transaction, Beijing Zhehou New Energy Technology Development Co., Ltd signed an equity transfer agreement to acquire 5.73% stake in Shandong Shida Shenghua Chemical Group Company Limited from Shanghai Fosun Principle Capital Enterprise (Limited Partnership) for approximately CNY 230 million on January 10, 2019. Beijing Zhehou New Energy Technology Development Co., Ltd completed the acquisition of 2.42% stake in Shandong Shida Shenghua Chemical Group Company Limited (SHSE:603026) from Shanghai Principle Capital Enterprise (Limited Partnership) managed by Principle Capital Limited on January 28, 2019.