Sichuan Road & Bridge Co.,Ltd (SHSE:600039) agreed to acquire an additional 10% stake in Sichuan Xinlixiang Energy Technology Co., Ltd. from Tibet Zangge Venture Capital Group Co., Ltd. on March 19, 2020. As, Tibet Zangge Venture Capital Group Co., Ltd. has not yet paid up investment, Sichuan Road & Bridge Co.,Ltd does not need to pay share transfer amount for the acquisition. Following the acquisition, Sichuan Road & Bridge Co.,Ltd will increase its shareholding in Sichuan Xinlixiang Energy Technology Co., Ltd. from 55% to 65% and will undertake the corresponding investment obligation. The transaction has been approved by Sichuan Road & Bridge Co.,Ltd's Directorate in its 15th meeting on March 19, 2020. The transaction does not need approval from Sichuan Road & Bridge Co's shareholders. Sichuan Road & Bridge Co.,Ltd (SHSE:600039) cancelled the acquisition of 10% stake in Sichuan Xinlixiang Energy Technology Co., Ltd. from Tibet Zangge Venture Capital Group Co., Ltd. on March 19, 2021.