Dingli Construction Group Co., Ltd. entered into an agreement to acquire Guangxi Dingli Rare Earth New Materials Technology Co., Ltd. from Shanghai Dingli Technology Development (Group) Co., Ltd. (SHSE:900907) for CNY 88 million on November 3, 2016. In related transactions, Shenzhen Qiantong Huixin Investment Partnership (Limited Partnership) signed share transfer agreement to acquire 90% stake in Shanghai Rubber Belt Co., Ltd. and 90% stake in Shanghai Rubber Belt Investment Management Co., Ltd. from Shanghai Dingli Technology Development (Group) Co., Ltd. for approximately CNY 150 million on November 3, 2016. Dingli Construction Group Co., Ltd. signed an agreement to acquire 10% stake in Guangxi Non-ferrous Metals Group Wuzhou Rare Earth Development Co., Ltd. from Shanghai Dingli Technology Development (Group) Co., Ltd. for CNY 12 million on November 3, 2016. Dingli Construction Group Co., Ltd. signed an agreement to acquire 45% stake in Shandong Zhongkai Rare Earth Materials Co., Ltd. from Shanghai Dingli Technology Development (Group) Co., Ltd. for CNY 21.5 million on November 3, 2016. Dingli Construction Group Co., Ltd. signed share transfer agreement to acquire 65% stake in Guangxi Dingli Rare Earth New Materials Industrial Park Management Co., Ltd. from Shanghai Dingli Technology Development (Group) Co., Ltd. for CNY 28 million on November 3, 2016. Shenzhen Qiantong Huixin Investment Partnership (Limited Partnership) entered into an agreement to acquire 51% stake in Jiangsu Qingtuo Agricultural Equipment Co., Ltd. from Shanghai Dingli Technology Development (Group) Co., Ltd. for approximately CNY 110 million on November 3, 2016. Dingli Construction Group Co., Ltd. signed share transfer agreement to acquire 41% stake in Zhejiang CNEEC Equipment Co., Ltd. from Shanghai Dingli Technology Development (Group) Co., Ltd. for CNY 33.8 million on November 3, 2016. Guangxi Dingli Rare Earth New Materials Technology reported total assets of CNY 898.9 billion, net assets of CNY 890.01 billion and net loss of CNY 14.09 million for the year ending December 31, 2015. The transaction is subject to shareholders’ approval of Shanghai Dingli Technology Development. As of November 3, 2016, the Board of Directors of Shanghai Dingli Technology Development (Group) Co., Ltd. approved the transaction. As of November 21, 2016, the transaction was approved by the shareholders of Shanghai Dingli Technology Development (Group) Co., Ltd. Dingli Construction Group Co., Ltd. completed the acquisition of Guangxi Dingli Rare Earth New Materials Technology Co., Ltd. from Shanghai Dingli Technology Development (Group) Co., Ltd. (SHSE:900907) on January 4, 2018.