Shengda Resources Co.,Ltd. (SZSE:000603) entered into an issuance of share agreement to acquire 72.5%stake in Guizhou Dingshengxin Mining Development Co., Ltd from Dong Ying, and Bai Guanghui for CNY 3.2 billion on March 1, 2021. Under the terms of agreement, Shengda Resources will issue A-share ordinary shares at CNY 13.10 per share as consideration. The Shengda Resources Co.,Ltd. shall pay a deposit to the seller of CNY 600 million. Dong Ying, and Bai Guanghui agreed to sell 36.25% stake out of 50% stake in Guizhou Dingshengxin Mining Development. Shengda Resources will raise supporting funds of not more than CNY 1.5 billion by issuing not more than 131,810,193 shares at CNY 11.38 per share to Gansu Shengda Group Co. Ltd., Gansu Shengda Group Co. Ltd.'s wholly-owned subsidiary Sichuan Jindu Mining Industry Technological Development Co., Ltd. The shares cannot be transferred within 18 months from the issuance closing date.

For year ended December 31, 2020, Guizhou Dingshengxin Mining Development had total assets, net equity, revenue, operating and net loss as CNY 154.75 million, CNY 41.2 million, CNY 1.1 million, CNY 17.6 million and CNY 20.8 million respectively. On March 1, 2021, Shengda Resources held the 29th Meeting of the 9th Directorate and approved the transaction.Transaction is subject to Second Approval of the Company's Directorate after the Target Assets' Audit and Assessment Work are Completed, the Company's Shareholders' Approval and The CSRC's Approval.

Shengda Resources Co.,Ltd. (SZSE:000603) cancelled the acquisition of a 72.5% stake in Guizhou Dingshengxin Mining Development Co., Ltd. on January 19, 2023.