Gansu Nongken Asset Management Co., Ltd. agreed to acquire 9.02% stake in Gansu Yasheng Industrial (Group) Co., Ltd. (SHSE:600108) from YaSheng Group (OTCPK:HERB) for CNY 0 on June 24, 2014. Gansu Nongken Asset Management Co., Ltd. is acquiring 175.37 million shares of Gansu Yasheng Industrial (Group) Co., Ltd. representing 9.02% stake. The transaction has been approved by Board of Directors of Gansu Nongken Group Co., Ltd. and general manager meeting of YaSheng Group. The transaction is subject to approval by State-owned Assets Supervision and Administration Commission of the State Council.

On August 1, 2014, it was announced that Gansu Nongken Asset Management Co., Ltd received approval from the State-owned Assets Supervision and Administration Commission of the State Council to acquire 9.02% stake in Gansu Yasheng Industrial (Group) Co., Ltd. (SHSE:600108).