Mianyang Yaoda Investment Co., Ltd. signed the agreement to acquire 18.82% stake in Tai Yuan Tianlong Group Co. Ltd. (SHSE:600234) for CNY 200 million on January 6, 2013. As a part of the transaction, Mianyang Yaoda will acquire 38.11 million shares in Tai Yuan Tianlong.

The purchase consideration will be paid as within 10 working days from the signing of the agreement, Mianyang Yaoda will pay CNY 115 million of the total transaction price, before January 31, 2013, Mianyang Yaoda will pay the remaining CNY 85 million of the transaction price and within 3 working days after the receipt of the transaction price, seller shall issue the corresponding accounts receivables.