Tibet Dejin Business Management Co., Ltd. signed share transfer agreement to acquire 29.9% stake in Shanghai Huitong Energy Co.,Ltd. (SHSE:600605) from Shanghai Hongchangcheng Group Ltd. for approximately CNY 900 million on December 28, 2018. Under the terms of the transaction, Tibet Dejin Business Management Co., Ltd. acquires 44.2 million shares. Tibet Dejin Business Management Co., Ltd. completed the acquisition of 29.9% stake in Shanghai Huitong Energy Co.,Ltd. (SHSE:600605) from Shanghai Hongchangcheng Group Ltd. on January 21, 2019.