Wintime Energy Co.,Ltd. (SHSE:600157) signed the share transfer agreement to acquire an additional 3.13% stake in Beijing Sanjili Energy Company Ltd. from Guiqing Investment Group Co., Ltd. for CNY 75 million on March 16, 2015. As of September 30, 2014, Beijing Sanjili Energy Company Ltd. had total assets of CNY 20.97 billion and total shareholders' equity of CNY 497.42 million. The transaction is subject to approval of shareholders of Wintime Energy Co.,Ltd. Shareholders of Guiqing Investment Group Co., Ltd. approved the transaction on March 16, 2015.

Board of Directors of Wintime Energy Co.,Ltd. approved the transaction on March 26, 2015. As of April 28, 2015, the shareholders of Wintime Energy approved the transaction. Allbright Law Offices acted as legal advisor and HuaChuang Securities Brokerage Co., Ltd. acted as financial advisor of Wintime Energy Co.,Ltd.