Western Region Gold Co., Ltd. (SHSE:601069) agreed to acquire Akto Baiyuanfeng Mining Co., Ltd., Akto Kebang Manganese Manufacturing Co., Ltd. and Xinjiang Mengxin Tianba Mining Investment Co., Ltd. from Xinjiang Nonferrous and Yang Shengrog for approximately CNY 183 million on June 13, 2022. This transaction still needs to be approved by CSRC. As of June 29, 2022, The China Securities Regulatory Commission (CSRC) has reviewed the deal and granted an unconditional approval of the Merger, Acquisition and Reorganization. As of September 8, 2022, Western Region Gold Co., Ltd. issues 245 million shares as consideration.

Guotai Junan Securities (Hong Kong) Limited acted as a financial advisor to Western Region Gold Co., Ltd. (SHSE:601069). Beijing Kang Da Law Firm acted a legal advisor to Western Region Gold Co., Ltd. (SHSE:601069).

Western Region Gold Co., Ltd. (SHSE:601069) completed the acquisition of Akto Baiyuanfeng Mining/Akto Kebang Manganese Manufacturing/Xinjiang Mengxin Tianba Mining from Xinjiang Nonferrous Metals Industry (Group) Co., Ltd. on September 6, 2022.