Beijing Huaxin Hengyi Management Consulting Partnership Enterprise (Limited Partnership) agreed to acquire Hengyuan Construction Panel Industry Co., Ltd. from Beijing Taikong Panel Industry Co., Ltd. (SZSE:300344) and Beijing Simande Building Materials Technology Development Co., Ltd. for approximately CNY 270 million on January 22, 2018. Beijing Taikong Panel Industry Co., Ltd. (SZSE:300344) and Beijing Simande Building Materials Technology Development Co., Ltd. will transfer 99% and 1% stake for CNY 272 million and CNY 2.7 million respectively. The transaction was approved by the 29th session of the 6th directorate of Beijing Taikong Panel Industry Co., Ltd.