Xinjiang Tianshan Zhuyou Concrete Co., Ltd cancelled the acquisition of 72.73% in Xinjiang Tianshan Juxin, 60% in Korla Tianshan Shenzhou and 100% in Xinjiang Tianshan from Xinjiang Tianshan Cement Co., Ltd..

Xinjiang Tianshan Zhuyou Concrete Co., Ltd agreed to acquire 72.73% in Xinjiang Tianshan Juxin, 60% in Korla Tianshan Shenzhou and 100% in Xinjiang Tianshan from Xinjiang Tianshan Cement Co., Ltd. (SZSE:000877) for approximately CNY 100 million on June 24, 2016. Under the terms of the transaction, Xinjiang Tianshan Cement Co., Ltd. will carry out a capital increase in Xinjiang Tianshan Zhuyou Concrete Co., Ltd by transferring the stakes in Xinjiang Tianshan Juxin Commodity Concrete Co., Ltd., Korla Tianshan Shenzhou Concrete Co., Ltd. and Xinjiang Tianshan Building Materials Testing Co., Ltd. Pursuant to the transaction, Xinjiang Tianshan Cement Co., Ltd. will hold 40.9% stake in Xinjiang Tianshan Zhuyou Concrete Co., Ltd. The transaction was approved by the Board of Directors of Xinjiang Tianshan Cement Co., Ltd. Xinjiang Tianshan Zhuyou Concrete Co., Ltd cancelled the acquisition of 72.73% in Xinjiang Tianshan Juxin, 60% in Korla Tianshan Shenzhou and 100% in Xinjiang Tianshan from Xinjiang Tianshan Cement Co., Ltd. (SZSE:000877) on June 24, 2017.