Beijing China Energy Construction Digital Industry Operation Management Co., Ltd. signed the Equity Transfer and Cooperation Agreement to acquire 99.4% stake in Xide Shende Cloud Computing Technology Co., Ltd. from Zhongrun Resources Investment Corporation (SZSE:000506) for CNY 0 on October 28, 2020. The agreement specifically stipulates that in view of the fact that Beijing China Energy Construction’s early work has actually taken place, If it fails to be realized the project loan as agreed in agreement within 10 months, Zhongrun Resources will transfer its holdings of 99.3747% at the following prices of the equity is transferred to Beijing China Energy Construction or its designated third party: if Zhongrun Resources has not actually paid any registered capital at the time of the equity transfer, the equity will be transferred at a price of CNY 0 ; if has paid the registered capital, and the price of the equity transfer is the amount of capital paid. Till date no consideration was paid by Zhongrun Resources Investment Corporation. The transaction was approved by the board of Zhongrun Resources Investment Corporation at the 22nd meeting of the ninth board of directors.