Shandong Pharmaceutical Glass Co., Ltd. (SHSE:600529) agreed to acquire Baotou Fenghui Package Products Co., Ltd from Zibo Jinniu Investment Co., Ltd. and others for CNY 38.1 million on January 17, 2016. As on December 31, 2015, Baotou Fenghui Package Products Co., Ltd. reported total assets of CNY 99.59 million, net assets of CNY 22.52 million, revenue of CNY 122.08 million and net profit of CNY 2.43 million. The Board of Directors of Shandong Pharmaceutical Glass Co., Ltd. (SHSE:600529) discussed and approved the transaction in the 15th session of the 7th directorate meeting on January 17, 2016.

As of February 3, 2016, the transaction was approved by the shareholders of Shandong Pharmaceutical Glass Co., Ltd.