Hyperbridge Supply Chain Management Co., Ltd signed share transfer agreement to acquire 51% stake in Xinjiang Petroleum Chemical Group Co., Ltd from Xinjiang International Industry Co.,Ltd (SZSE:000159) for CNY 10.7 million on January 11, 2018. The transaction has been approved by the Board of Directors of Xinjiang International Industry Co., Ltd in the second extraordinary meeting of the 7th Directorate and does not need the shareholders’ approval.