Great Wall Capital Management Co., Ltd. signed a share transfer agreement to acquire 8% stake in Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. (SHSE:603878) from CCB Resources Jiuxin (Tianjin) Equity Investment Co., Ltd., managed by CCBI Investment Fund Management (Beijing) Co., Ltd. for approximately CNY 230 million on January 9, 2020. Under the terms of the transaction, Great Wall Capital Management will acquire 7.96% stake by paying CNY 9.87 per share for total 22.8 million common shares. After completion of the transaction, CCB Resources Jiuxin (Tianjin) Equity Investment Co., Ltd., managed by CCBI Investment Fund Management (Beijing) Co., Ltd. will hold 2.9% stake in Jiangsu Wujin Stainless Steel Pipe Group. Great Wall Capital Management Co., Ltd. cancelled the acquisition of 8% stake in Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. (SHSE:603878) from CCB Resources Jiuxin (Tianjin) Equity Investment Co., Ltd., managed by CCBI Investment Fund Management (Beijing) Co., Ltd. on April 10, 2020.