Anhui Jiangnan Chemical Industry Co., Ltd. (SZSE:002226) entered into an agreement to acquire 100% stake in North Blasting Technology Co.,Ltd., 49% stake in Beifang Mining Services Company Limited, 49% stake in North Mining Investments Pte. Ltd., 65% stake in Shaanxi Qinghua Vehicle Safety Systems Co.,Ltd. and 90% stake in Guangxi Jinjianhua Industrial Explosive Materials Co., Ltd. from a group of sellers for CNY 4.7 billion on August 7, 2020. Under the terms, Anhui Jiangnan Chemical Industry will pay ordinary A shares as a consideration with a purchase price of CNY 4.98 per share. The number of shares to be issued in this transaction has not yet been finalized. North Special Energy Group Co., Ltd. and China North Industries Corporation Limited will transfer 60% and 40% stake in North Blasting Technology Co., Ltd., respectively for 301.06 million shares. Aoxin Holdings (Hong Kong) Co., Ltd. will transfer 49% stake in Beifang Mining Services Company Limited for 78.4 million shares and 49% stake in North Mining Investments Pte. Ltd. for 34.5 million shares. Xi'an Qinghua Commercial Explosives Corp., Ltd., Shaanxi Province Industry Investment CO.,LTD and North Special Energy Group Co., Ltd will transfer 37.52%, 24.68% and 2.80% stake in Shaanxi Qinghua Vehicle Safety Systems Co., Ltd. for 66 million shares. Guangxi Jianhua Machinery Factory, Rongxian Chuan Fireworks Sales Co., Ltd., Guangxi Rongxian Fengda Agriculture and Animal Husbandry Co., Ltd. and Nandan County Nanxing Antimony Industry Co., Ltd. will transfer 51%, 14%, 13% and 12% stake in Guangxi Jinjianhua Industrial Explosive Materials Co., Ltd. for 156.5 million shares. Post completion, North Blasting Technology Co., Ltd., Beifang Mining Services Company Limited and North Mining Investments Pte. Ltd. will become Anhui Jiangnan Chemical Industry's wholly-owned subsidiaries. Shaanxi Qinghua Vehicle Safety Systems Co., Ltd. and Guangxi Jinjianhua Industrial Explosive Materials Co., Ltd. will become Anhui Jiangnan Chemical Industry's holding subsidiary. The transaction is subject to regulatory approval, approval from internal decision-making bodies of each counterparty, approval from Anhui Jiangnan Chemical Industry's board of directors and shareholders and approval from the China Securities Regulatory Commission. The transaction was approved by the internal decision-making body of the counterparty and target companies. The transaction was approved by the 26th meeting of the fifth Board of Directors of Anhui Jiangnan Chemical Industry. The State Administration for Market Regulation has issued a "Letter of Decision Not to Implement Further Examination for Concentration of Undertakings Anti-monopoly Examination" for this transaction. The State-owned Assets Supervision and Administration Commission of the State Council has approved the transfer of shares. The acquisition of Beifang Mining Services Company Limited and North Mining Investments Pte. Ltd by the listed company in this transaction still needs to obtain the record of the overseas investment authority. As of March 31, 2021, The transaction still needs to be approved by the China Securities Regulatory Commission. On July 5, 2021, the Merger, Acquisition and Reorganization Examination Committee of Listed Companies unconditionally approved the transaction. As of June 18, 2021, After the implementation of the 2020 profit distribution, Anhui Jiangnan Chemical Industry adjusted the issuance volume of the acquisition from 636.4 million shares to 900.3 million shares. North Special Energy Group Co., Ltd. and China North Industries Corporation Limited will transfer 60% and 40% stake in North Blasting Technology Co., Ltd., respectively for 425.9 million shares of Anhui Jiangnan Chemical Industry Aoxin Holdings (Hong Kong) Co., Ltd. will transfer 49% stake in Beifang Mining Services Company Limited for 110.9 million shares of Anhui Jiangnan Chemical Industry and 49% stake in North Mining Investments Pte. Ltd. for 48.8 million shares of Anhui Jiangnan Chemical Industry. Xi'an Qinghua Commercial Explosives Corp., Ltd., Shaanxi Province Industry Investment CO.,LTD and North Special Energy Group Co., Ltd will transfer 37.52%, 24.68% and 2.80% stake in Shaanxi Qinghua Vehicle Safety Systems Co., Ltd. for 93.3 million shares of Anhui Jiangnan Chemical Industry. Guangxi Jianhua Machinery Factory, Rongxian Chuan Fireworks Sales Co., Ltd., Guangxi Rongxian Fengda Agriculture and Animal Husbandry Co., Ltd. and Nandan County Nanxing Antimony Industry Co., Ltd. will transfer 51%, 14%, 13% and 12% stake in Guangxi Jinjianhua Industrial Explosive Materials Co., Ltd. for 221.4 million shares of Anhui Jiangnan Chemical Industry. Xiang Fangyun, Wang Yong and Yang Jian of Baker Tilly China Certified Public Accountants acted as accountants to Anhui Jiangnan Chemical Industry. Lin Shuang, Chen Yonggao and Zhou Jie of Haitong Securities Co., Ltd. (SHSE:600837) acted as financial advisors, Qiao Jiaping, Wang Fei, Lee He and Li Enhua of Beijing Kang Da Law Firm acted as legal advisors, Qiu Jingzhi, Xiang Fangyun, Wang Yong and Yang Jian of Vocation International Certified Public Accountant Co., Ltd. acted as accountants and Sun Jianmin, Cheng Yuanhang, Wang Xingjie, Guo Jia and Liu Wen of Beijing Pan-China Industrial Assets Evaluation Co., Ltd. acted as Asset appraisal agency to Anhui Jiangnan Chemical Industry Co., Ltd. As of August 2, 2021, Anhui Jiangnan Chemical Industry Co., Ltd. completed the acquisition of 90% stake in Guangxi Jinjianhua Industrial Explosive Materials Co., Ltd. from Guangxi Jianhua Machinery Factory, Rongxian Chuan Fireworks Sales Co., Ltd., Guangxi Rongxian Fengda Agriculture and Animal Husbandry Co., Ltd. and Nandan County Nanxing Antimony Industry Co., Ltd. As of August 10, 2021, Anhui Jiangnan Chemical Industry Co., Ltd. completed the acquisition of 49% stake in Beifang Mining Services Company Limited and 49% stake in North Mining Investments Pte. Ltd. from Aoxin Holdings (Hong Kong) Co., Ltd. As of August 16, 2021, Anhui Jiangnan Chemical Industry Co., Ltd. completed the acquisition of 100% stake in North Blasting Technology Co.,Ltd. from North Special Energy Group Co., Ltd. and China North Industries Corporation Limited. Anhui Jiangnan Chemical Industry Co., Ltd. (SZSE:002226) completed the acquisition of 100% stake in North Blasting Technology Co.,Ltd., 49% stake in Beifang Mining Services Company Limited, 49% stake in North Mining Investments Pte. Ltd., 65% stake in Shaanxi Qinghua Vehicle Safety Systems Co.,Ltd. and 90% stake in Guangxi Jinjianhua Industrial Explosive Materials Co., Ltd. from a group of sellers on September 8, 2021. As of September 8, 2021, Anhui Jiangnan Chemical Industry Co., Ltd. completed the acquisition of 65% stake in Shaanxi Qinghua Vehicle Safety Systems Co.,Ltd. from Xi'an Qinghua Commercial Explosives Corp., Ltd., Shaanxi Province Industry Investment CO.,LTD and North Special Energy Group Co., Ltd. The parties have completed the transfer procedures and related industrial and commercial change registration procedures.