Yiliang Chihong Mining Co., Ltd agreed to acquire 99.34% stake in Ningnan Sanxin Mining Industry Development Co., Ltd from Yunnan Chihong Zinc & Germanium Co., Ltd. (SHSE:600497) for CNY 92.8 million on May 19, 2015. Ningnan Sanxin Mining Industry Development Co., Ltd reported total assets of CNY 134.77 million, total liabilities of CNY 39.51 million, net assets of CNY 95.26 million, revenues of CNY 0.17 million and net loss of CNY 99.78 million in 2014. The transaction does not require the approval of the stockholders of Yunnan Chihong Zinc & Germanium, but requires the approval from the stockholders of Ningnan Sanxin Mining Industry Development Co., Ltd. The transaction was approved by Board of Yunnan Chihong Zinc & Germanium Co., Ltd. on May 19, 2015.

Yiliang Chihong Mining Co., Ltd completed the acquisition of 99.34% stake in Ningnan Sanxin Mining Industry Development Co., Ltd from Yunnan Chihong Zinc & Germanium Co., Ltd. (SHSE:600497) on June 30, 2015.