Shengda Mining Co.Ltd. (SZSE:000603) signed an agreement to acquire 44% stake in Ar Horqin Banner Deyun Mining Co., Ltd. from Geng Jun, Dong Xuechuan, Nan Haijun, Liu Jinyu, Zhao Shuquan for approximately CNY 110 million on July 19, 2019. For the year ending December 31, 2018, Ar Horqin Banner Deyun Mining had total assets of CNY 115.2 million, net assets of CNY 5 million, revenues of CNY 0, operating profit of CNY 0 and net profit of CNY 0. The 14th session of Shengda Mining’s 9th Directorate approved the transaction.