Tibet Summit Resources Co., Ltd. (SHSE:600338) signed share purchase agreement to acquire 9% stake in Tibet Summit Resources HongKong Limited from Leading Resources Global Limited for $7.1 million on December 30, 2020. Within 30 days after the completion, the payment will be made. Transaction has been approved in the 19th Meeting of Tibet Summit Resources Co., Ltd. Directorate held on December 30, 2020, and does not need the shareholders’ approval. Within 20 days after the signing, the transfer will be completed.