Zhang Yingjiu and Jia Haibo signed the share transfer agreement to acquire 12.58% stake in Yangling Metron New Material Co, Ltd. from Wu Ying, Ren Junqiang, Fang Kun, Liu Chengyuan and Liu Shaohua for CNY 13.8 million on September 23, 2016. Under the terms of the transaction, Zhang Yingjiu and Jia Haibo will acquire 13.85 million shares of Yangling Metron New Material Co, Ltd. Zhang Yingjiu will acquire additional 1.43% stake from Wu Ying, Jia Haibo will acquire 11.15% stake from Wu Ying, Ren Junqiang, Fang Kun, Liu Chengyuan and Liu Shaohua. As of September 23, 2016, shareholders' of Yangling Metron New Material Co, Ltd. approved the transaction.