An unkown buyer acquired 98% stake in Panzhihua Jinfan Industry & Trade Co Ltd. from Sichuan Golden Summit (group) Joint-Stock Co., Ltd. (SHSE:600678) for CNY 10.2 million on December 29, 2012. Under the terms, CNY 6.06 million was paid upfront and remaining consideration will be paid prior to January 15, 2013. The auction was conducted by Leshan Property Right Exchange Center Co., Ltd. and Sichuan Sanhe Auction Co., Ltd.

An unkown buyer completed the acquisition of 98% stake in Panzhihua Jinfan Industry & Trade Co Ltd. from Sichuan Golden Summit (group) Joint-Stock Co., Ltd.(SHSE:600678) on December 29, 2012.