Ning Yuanxi and Pingxiang Fuhai Jiutai Investment Consulting Partnership Enterprise (limited partnership) signed an equity transfer agreement to acquire a 10.11% stake in Guangdong Baolihua New Energy Stock Co., Ltd. (SZSE:000690) from Guangdong Baolihua Group Company Ltd. for CNY 1.8 billion on January 12, 2017. Under the terms, Ning Yuanxi will acquire 111.19 million shares and Pingxiang Fuhai Jiutai Investment Consulting Partnership Enterprise (limited partnership) will acquire 108.79 million shares at CNY 8.35 per share each.