Jizhong Energy Resources Co., Ltd. (SZSE:000937) acquired additional 20% stake in HeBei Jinniu Chemical Industry Co.,Ltd (SHSE:600722) from Jizhong Energy Group Company Limited for approximately CNY 590 million on November 3, 2020. Under the terms of the transaction Jizhong Energy Resources Co., Ltd. will acquire 136 million shares for CNY 4.33 per share. Post completion of the transaction, Jizhong Energy Resources Co., Ltd. holds 245 million shares of HeBei Jinniu Chemical Industry Co., Ltd, accounting for 36.05% of its total share capital, and becames its controlling shareholder. The 29th and 30th meetings of Jizhong Energy Resources Co., Ltd's sixth board of directors and the first extraordinary general meeting of shareholders in 2020 reviewed and approved the transaction.

Jizhong Energy Resources Co., Ltd. (SZSE:000937) completed the acquisition of additional 20% stake in HeBei Jinniu Chemical Industry Co.,Ltd (SHSE:600722) from Jizhong Energy Group Company Limited on November 3, 2020.