Tibet Mineral Development Co., LTD (SZSE:000762) agreed to acquire mining rights and auxiliary assets from Tibet Shanfa Industry and Trade Co., Ltd. for CNY 36.1 million on December 29, 2014. This transaction is subject to approval of Land and Resources Department of the Tibet Autonomous Region as well as mining rights trading center of Tibet Autonomous Region and has obtained the approval of Tibet Mineral Development's 28th session of the 6th directorate.

Tibet Mineral Development Co., LTD (SZSE:000762) cancelled the acquisition of mining rights and auxiliary assets from Tibet Shanfa Industry and Trade Co., Ltd. on December 29, 2015.