Chu Jun cancelled the acquisition of 100% of Wuxi Hu An, 66.7% of Shenhuan Electric and 56.97% of Shenhuan Cable from Hu An Cable Holdings Ltd..

Chu Jun entered into an agreement to acquire 100% of Wuxi Hu An, 66.7% of Shenhuan Electric and 56.97% of Shenhuan Cable from Hu An Cable Holdings Ltd. (SGX:KI3) for $1 on October 26, 2015. In a related transaction, Yixing Jinxiao Copper Industry Co., Ltd. agreed to acquire the assets of Wuxi Hu An, Shenhuan Electric and Shenhuan Cable for CNY 1. The deal is subject to the approval of the SGX, the approval of Hu An Cable Holdings shareholders, waiver of debt by Shenhuan Electric and completion of the asset sale transaction. As of March 4, 2016, long-stop date was changed from December 21, 2015 to April 30, 2016. RHB Securities Singapore Pte. Ltd. acted as financial advisor for Hu An Cable Holdings Ltd. Chu Jun cancelled the acquisition of 100% of Wuxi Hu An, 66.7% of Shenhuan Electric and 56.97% of Shenhuan Cable from Hu An Cable Holdings Ltd. (SGX:KI3) on October 26, 2016.