Zhejiang Jianfeng Group Co., Ltd. (SHSE:600668) signed a transfer agreement to acquire Guizhou Huangping Gulong Mingchuan Cement Co., Ltd. from Qi Chunhua, Gao Zhimin and Sichuan Mingchuan Chengyu Electromechanical Equipment Co., Ltd. for CNY 31.7 million on December 29, 2018. As per the terms, transfer price will be paid within 7 days since signing of the agreement. The transaction has been approved by the 9th meeting of the 10th directorate of Zhejiang Jianfeng Group Co., Ltd. on December 29, 2018.