Yongxing Special Stainless Steel Co., Ltd. (SZSE:002756) agreed to acquire an additional 81.4% stake in Jiangxi Xuli Mining Co., Ltd. from Hunan Lixingxing Mining Technology Co., Ltd, Yichun Keyuan Enterprise Management Center (Limited Partnership), Hunan Zhongda Technology Venture Incubator Co., Ltd., Shenzhen Nanqiao Venture Capital Partnership for approximately CNY 200 million on November 8, 2018. The consideration will be paid in cash. Jiangxi Xuli Mining Co., Ltd reported total assets of CNY 319.1 million and net assets of CNY 185.8 million as of December 31, 2017 and revenues of CNY 34.7 million, operating loss of CNY 14.9 million and net loss of CNY 16.3 million for the year ended December 31, 2017. The transaction is approved by the Board of Yongxing Special Stainless Steel Co., Ltd and is approved by the shareholders of Jiangxi Xuli Mining Co., Ltd.