Khorgos Tianshan No.1 managed by Xinjiang Tianshan Industrial Investment Fund Management Co., Ltd. entered into agreement to acquire 18% stake in Tibet Water Resources Ltd. (SEHK:1115) from Tibet Water Resources Limited for HKD 1.6 billion on January 11, 2017. As reported, Khorgos Tianshan No.1 will buy 460 million shares of Tibet Water Resources at HKD 3.5 per share. Upon completion of these transactions, Water Resources will hold 390 million shares, representing approximately 15.23 % of Tibet Water Resources Ltd.