Beijing Zhehou New Energy Technology Development Co., Ltd signed an equity transfer agreement to acquire 5.73% stake in Shandong Shida Shenghua Chemical Group Company Limited (SHSE:603026) from Shanghai Fosun Principle Capital Enterprise (Limited Partnership) for approximately CNY 230 million on January 10, 2019. Under the terms, Beijing Zhehou New Energy Technology Development will acquire 11.62 million shares at CNY 20 per share. A guarantee of CNY 20 million will be paid at the same day of signing of the respective agreement. The guarantee will later serve as part of the compensation’s payment. The rest of the payment must be made in one single installment within 5 days since obtaining approval for the transaction from the Shanghai Stock Exchange. In related transaction, Beijing Zhehou New Energy Technology Development Co., Ltd signed an equity transfer agreement to acquire 2.42% stake in Shandong Shida Shenghua Chemical Group Company Limited from Shanghai Principle Capital Enterprise (Limited Partnership) managed by Principle Capital Limited for CNY 98 million on January 10, 2019.