Yunnan Chihong Zinc & Germanium Co., Ltd. (SHSE:600497) agreed to acquire Exploration and Mining rights of Lead and Zinc in Huize County Qilin Factory Zhikuang Mountain Vegetable garden from Yunnan Huize Lead And Zinc Mine for CNY 59.3 million on March 20, 2018. Out of total consideration, 30% will be paid within five days from agreement and remaining within one year from agreement. The transaction is subject to approval from the Yunnan Provincial People's Government State-owned Assets Supervision and Administration Commission and the relevant approval procedures for the Yunnan Provincial Department of Land and Resources. The transaction has been approved at the 28th meeting of the 6th directorate of Yunnan Chihong Zinc & Germanium Co., Ltd. Yunnan Chihong Zinc & Germanium Co., Ltd. (SHSE:600497) cancelled the acquisition of Exploration and Mining rights of Lead and Zinc in Huize County Qilin Factory Zhikuang Mountain Vegetable garden from Yunnan Huize Lead And Zinc Mine on March 20, 2019.