Shandong Kexing Pharmaceutical Co., Ltd. agreed to acquire 5.58% stake in Changyuan Group Ltd. (SHSE:600525) from Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (SZSE:002130) for CNY 1.2 billion on January 9, 2018. In a related transaction, Changyuan Group Ltd. agreed to sell electronics unit to Shenzhen Woer Heat-Shrinkable Material Co., Ltd. The transaction is subject to approval by the shareholders of Shenzhen Woer Heat-Shrinkable Material Co., Ltd. The transaction has been approved by the Board of Directors of Shenzhen Woer Heat-Shrinkable Material Co., Ltd. during the 5th directorate's 17th meeting on January 9, 2018.