Chongyi Zhangyuan Tungsten Co., Ltd. (SZSE:002378) signed an agreement to acquire a tunsten deposit in Chongyi County, Jiangxi Province from Chongyi Niedu Zhangyuan Tungsten Mine for CNY 14.2 million on January 2, 2014. Chongyi Zhangyuan Tungsten will use own funds to pay for the acquisition price. The transaction is subject to approval from Ministry of Land and Resources department.