Qinghai Western Rare and Precious Metals Co., Ltd. signed a equity transfer agreement to acquire 10.55% stake in Tibet Huayu Mining Co., Ltd. (SHSE:601020) from Qinghai Western Resources Co. Ltd. for approximately CNY 520 million on June 9, 2021. As per the terms of the agreement, Qinghai Western Rare and Precious Metals Co., Ltd. shall acquire 58.4 million unrestricted tradable A shares in Tibet Huayu Mining Co., Ltd. at CNY 8.93 per share.