Suzhou Bangda Investment Center (Limited Partnership) signed a transfer agreement to acquire 8% stake in Zhangjiagang Guangda Special Material Co., Ltd. from Zhangjiagang Jinmao Venture Capital Co., Ltd. on November 8, 2016. The transaction has been approved by the shareholders of Zhangjiagang City Guangda Machinery Forging Co., Ltd. Suzhou Bangda Investment Center (Limited Partnership) completed the acquisition of 8% stake in Zhangjiagang Guangda Special Material Co., Ltd. from Zhangjiagang Jinmao Venture Capital Co., Ltd. on November 15, 2016.