Shanxi Meijin Energy Co.,Ltd. (SZSE:000723) agreed to acquire 75% stake in Shanxi Shangde Water Services Co., Ltd. from Beijing Jiuze Shengming Investment Management Co., Ltd. for CNY 12.6 million on October 27, 2017. The transaction has been approved by the Board of Directors of Shanxi Meijin Energy Co.,Ltd. during the 8th directorate’s 7th meeting on October 27, 2017. The transaction does not need approval from Shanxi Meijin Energy Co.,Ltd.'s shareholders.