Shenzhen Chinese Gold Nobility Investment Co., Ltd. signed a share transfer agreement to acquire 51% stake in Shenzhen Chinese Gold Nobility Jewellery Co., Ltd from Guangdong Jadiete Holdings Group Company Limited (SZSE:200168) for CNY 33.8 million on June 19, 2017. For the year ended December 31, 2016, Shenzhen Chinese Gold Nobility Jewellery Co., Ltd reported total assets of CNY 98.9 million, net assets of CNY 69.6 million, revenue of CNY 305.3 million and net profit of CNY 9.7 million. The transaction is subject to approval from shareholders of Guangdong Jadiete Holdings Group Company Limited. The transaction has been approved by the Board of Guangdong Jadiete Holdings Group Company Limited, shareholders of Shenzhen Chinese Gold Nobility Jewellery Co., Ltd and Shenzhen Chinese Gold Nobility Investment Co., Ltd. Xiao Shining, Weng Guosen, Zhang Zhongmin and Shi Junliang of Huachuang Securities Co., Limited acted as financial advisor, Yin Changlong and Li Hang of Grandway Law Offices acted as legal advisor and Zhou Hanjun and Zhou Ying of Asia Pacific CPA (Group) Co., Ltd acted as accountant for Guangdong Jadiete Holdings Group Company Limited.