Dazhong (Hongkong) International Corporation Limited agreed to acquire additional 15.03% stake in Suchuang Gas Corporation Limited (SEHK:1430) from Su Aping and Zhu Yaying for HKD 330 million on April 25, 2016. Under the terms of the deal, Dazhong (Hongkong) International will acquire Suchuang Gas Corporation Limited’s 96.8 million shares from Su Aping and Zhu Yaying at an offer per share of HKD 2.55 per share, and subscribe to 32.29 million new shares at HKD 2.55 per share. The share acquisition agreement was signed on May 27, 2016. The transaction has been approved by the Directorate and general managers of Shanghai DaZhong Public Utilities (Group) Co., Ltd.’s, parent of Dazhong (Hongkong) International, on April 25, 2016. Dazhong (Hongkong) International Corporation Limited completed the acquisition of additional 15.03% stake in Suchuang Gas Corporation Limited (SEHK:1430) from Su Aping and Zhu Yaying on June 29, 2016. All conditions have been fulfilled.