Yinhu Zhuque No. 1 Private Securities Investment Fund signed an agreement to acquire 5% stake in GuoCheng Mining CO.,LTD from Zhejiang Guocheng Holding Group Co., Ltd. for approximately CNY 830 million.

Yinhu Zhuque No. 1 Private Securities Investment Fund signed an agreement to acquire 5% stake in GuoCheng Mining CO.,LTD (SZSE:000688) from Zhejiang Guocheng Holding Group Co., Ltd. for approximately CNY 830 million on February 18, 2022. As per the transaction, Yinhu Zhuque No.

1 Private Securities Investment Fund will acquire 56.87 million at CNY 14.62 per share. Within 45 days wo signing of agreement, Yinhu Zhuque No. 1 Private Securities Investment Fund shall pay CNY 682.44 million while remaining CNY 148.99 million payable after transfer of these shares.