Jikai Equipment Manufacturing Co., Ltd. (SZSE:002691) agreed to acquire Anyang Minshan Huaneng High-tech Co., Ltd. from He Qiuan, Wang Aiyun and Anyang Yongning Nonferrous Metal Technology Service Center (Limited Partnership) on July 23, 2020. Jikai Equipment Manufacturing Co., Ltd. will exchange all the assets, liabilities and businesses it holds in accordance with the law with the equivalent part of the 100% equity of Anyang Minshan Huaneng High-Tech Co., Ltd. held by the counterparties. The company intends to pay the counterparty the difference between the assets to be placed and the transaction price of the assets to be acquire by non-public issuance of shares. The issuance price of shares to purchase assets in this issuance of shares is CNY 4.61 per share. After the completion of this transaction, the counterparty of this transaction will become a shareholder of the company and the controlling shareholder and actual controller of the company will change to Hu Qiu'an. Anyang Minshan Huaneng High-Tech Co., Ltd. had total assets of CNY 1.7 billion, total owner's equity of CNY 444 million, operating income of CNY 2.7 billion, net profit of CNY 94 million. The formal plan of this transaction needs to be reviewed and approved by the board of directors of the company; shareholders' meeting of the company and needs to be reviewed and approved by the counterparties' internal decision-making body. The transaction needs to be approved by the China Securities Regulatory Commission. The transaction plan has been reviewed and approved at the 18th meeting of the third directorate of the company held on July 23, 2020. The transaction plan has been approved in principle by the counterparties' internal decision-making body.