Zhuhai Xinneng Joint Investment Partnership Enterprise (LP) signed an agreement to acquire 5.3% stake in Qingdao Kingking Applied Chemistry Co., Ltd. (SZSE:002094) from Good Well Fund And Asset Management Co., Ltd on January 22, 2017. Good Well Fund And Asset Management Co., Ltd will sell 20 million shares. After the transaction, Good Well Fund And Asset Management Co., Ltd will hold 5.1% stake in Qingdao Kingking Applied Chemistry Co., Ltd.