Three independent investors entered into agreement to acquire 10% stake in Tibet Water Resources Ltd. (SEHK:1115) from Tibet Water Resources Limited for approximately HKD 900 million on January 10, 2017. Under the terms of the agreement, the investors will acquire total of 256.88 million shares at HKD 3.5 per share. All three investors will hold 1.83%, 3.50% and 4.67% of total issued share capital of Tibet Water Resources representing 46.9 million shares, 90 million shares and 120 million shares respectively. Upon completion of these transactions, Water Resources will hold 853.68 million shares, representing approximately 33.23% of Tibet Water Resources Ltd.