Zhujiang Life Insurance Limited acquired 75% stake in Guangdong Hangyue Industrial Co., Ltd from AVIC International Holdings Limited (SEHK:161) for approximately CNY 600 million on December 31, 2016. The transaction is subject to certain conditions. Zhujiang Life Insurance Limited completed the acquisition of 75% stake in Guangdong Hangyue Industrial Co., Ltd from AVIC International Holdings Limited (SEHK:161) on December 31, 2016.