Kashgar Huangyan Venture Capital Co., Ltd. signed a transfer intent framework agreement to acquire Xiamen Huangyan Trading Co., Ltd. from Zhonghe Co., Ltd. (SZSE:002070) for approximately CNY 560 million on August 18, 2014. As of December 31, 2014, Xiamen Huangyan had total assets of CNY 345.2 million, total liabilities of CNY 314.97 million and net assets of CNY 30.28 million. On August 26, 2014, the transaction was approved by Board of Directors of Zhonghe Co.

Kashgar Huangyan Venture Capital Co., Ltd. completed the acquisition of Xiamen Huangyan Trading Co., Ltd. from Zhonghe Co., Ltd. (SZSE:002070) on September 2, 2014.