China Jushi Co., Ltd. (SHSE:600176) entered into an equity transfer contract to acquire 5.52% stake in Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd. from Wise-Win Technology Limited for approximately CNY 160 million on January 25, 2017. China Jushi Co., Ltd. also signed an agreement to acquire additional 5.52% stake in Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd. from Wise-Win Technology Limited. for approximately CNY 160 million on January 25, 2017.