Turpan Jinyuan Mining and Metallurgy Co., Ltd. entered into an agreement to acquire 10% stake in Western Region Gold Co., Ltd. (SHSE:601069) from Xinjiang NonFerrous Metal Industry (Group) Co.,Ltd for approximately CNY 830 million on March 26, 2021. The consideration comprises of the controlling shareholder selling 63.6 million shares of Western Region Gold for CNY 828.1 million. Out of the consideration, 5% is paid as contractual deposit, 25% is payable within 5 working days from the date of signing this agreement and balance will be paid within 5 working days after the transfer of shares is approved by the Xinjiang SASAC. Before this transaction, Xinjiang NonFerrous directly held 66.81% of the company's shares; after this equity change, Xinjiang NonFerrous will directly hold 56.81% stake. The deal will close within 7 days after completion of payment. As of April 14, 2021, the State-owned Assets Supervision and Administration Commission of the State Council approved the transaction. Turpan Jinyuan Mining and Metallurgy Co., Ltd. completed the acquisition of 10% stake in Western Region Gold Co., Ltd. (SHSE:601069) from Xinjiang NonFerrous Metal Industry (Group) Co.,Ltd on May 7, 2021. The transfer registration confirmation was issued by China Securities Depository and Clearing Co., Ltd. and the transfer registration procedures for this transfer were completed.