Yunnan Aluminium Co., Ltd. (SZSE:000807), Yunnan Metallurgical Group Investments Limited, Yunnan Metallurgical Group Jinshui Asset Management Co., Ltd. and Guangzhou Yunguangjucheng Investment Co., Ltd. agreed to acquire a 60% stake in Yunnan Yaneng Carbon Asset Management Co., Ltd. from Yunnan Qisheng Tourism Cultural Industry Investment And Development Co., Ltd. and Yunnan Dingshangzheng Trading Co., Ltd. for nil consideration on June 2, 2017. Under the terms, Yunnan Aluminium Co., Ltd. will acquire 20% stake from Yunnan Qisheng Tourism Cultural Industry Investment And Development Co., Ltd. and 21% stake from Yunnan Dingshangzheng Trading Co., Ltd. whereas Yunnan Metallurgical Group Investments Limited will acquire 5% stake, Yunnan Metallurgical Group Jinshui Asset Management Co., Ltd. will acquire 5% stake and Guangzhou Yunguangjucheng Investment Co., Ltd. will acquire 9% stake from Yunnan Dingshangzheng Trading Co., Ltd. Post completion of the transaction, Yunnan Qisheng Tourism Cultural Industry Investment And Development Co., Ltd. and Yunnan Dingshangzheng Trading Co., Ltd. will each continue to hold 20% stake in Yunnan Yaneng Carbon Asset Management Co., Ltd. and each shareholder will pay for the unsettled contribution of Yunnan Yaneng Carbon Asset Management Co., Ltd. The transaction was approved by the Board of Directors of Yunnan Aluminium Co., Ltd. in the 42nd session of the 6th directorate held on June 2, 2017 and does not need its shareholders' approval. Yunnan Aluminium Co., Ltd. (SZSE:000807), Yunnan Metallurgical Group Investments Limited, Yunnan Metallurgical Group Jinshui Asset Management Co., Ltd. and Guangzhou Yunguangjucheng Investment Co., Ltd. cancelled the acquisition of 60% stake in Yunnan Yaneng Carbon Asset Management Co., Ltd. from Yunnan Qisheng Tourism Cultural Industry Investment And Development Co., Ltd. and Yunnan Dingshangzheng Trading Co., Ltd. on June 2, 2018.