Guangdong Xianglu Tungsten Co., Ltd. (SZSE:002842) signed the equity transfer agreement to acquire remaining 26.81% stake in Jiangxi Xianglu Tungsten Co., Ltd. from Wang Aijun for approximately CNY 110 million recently. Prior to the transaction, Guangdong Xianglu Tungsten Co., Ltd. held 73.19% stake in Jiangxi Xianglu Tungsten Co., Ltd. After the transaction, Guangdong Xianglu Tungsten Co., Ltd. will hold 100% stake in Jiangxi Xianglu Tungsten Co., Ltd. Guangdong Xianglu Tungsten Co., Ltd. will use its own fund to acquire the stake. After the transaction, Jiangxi Xianglu Tungsten Co., Ltd. will become a wholly owned subsidiary of Guangdong Xianglu Tungsten Co., Ltd. Jiangxi Xianglu Tungsten Co., Ltd. reported total assets of CNY 356.7 million and net assets of CNY 165.99 million. The Board and supervisory Board of Guangdong Xianglu Tungsten Co., Ltd approved the transaction on March 19, 2019. The transaction is not subject to review of the shareholders of Guangdong Xianglu Tungsten Co., Ltd. Guangdong Xianglu Tungsten Co., Ltd. (SZSE:002842) completed the acquisition of remaining 26.81% stake in Jiangxi Xianglu Tungsten Co., Ltd. from Wang Aijun on March 26, 2019