Beijing Haohua Energy Resource Co., Ltd. (SHSE:601101) agreed to acquire Erdos Jingmei Machinery Manufacturing Co., Ltd. from Beijing Jingmei Group Co. Ltd. on January 17, 2017. Under the transaction, Beijing Haohua Energy Resource Co., Ltd. will use Changgouyu Coal Mine assets and the the safety training center post-relocation’s structure and other assets to acquire Erdos Jingmei Machinery Manufacturing Co., Ltd. The difference in value between the swapped-in and swapped-out asset will be paid by Beijing Jingmei Group Co. Ltd. in cash. Erdos Jingmei Machinery Manufacturing Co., Ltd. had total assets of CNY 9.1 million, net assets of CNY 9.2 million, revenue of CNY 2 million and net loss of CNY 0.25 million in 2016. The transaction has been approved by the Board of Directors of Beijing Haohua Energy Resource Co., Ltd. during the 15th session of the 5th directorate. Beijing Haohua Energy Resource Co., Ltd. (SHSE:601101) cancelled the acquisition of Erdos Jingmei Machinery Manufacturing Co., Ltd. from Beijing Jingmei Group Co. Ltd. on January 17, 2018.