Xinjiang Zhongyou Chemical Group Co., Ltd. agreed to acquire remaining 85.82% stake in Xinjiang Haorui New Energy Co., Ltd. from Xinjiang International Industry Co.,Ltd (SZSE:000159) for approximately CNY 160 million on January 30, 2015. In a related transaction, Xinjiang Zhongyou Chemical Group Co., Ltd. agreed to acquire Tuoke Mark Industrial Oil Refinery Co., Ltd. from Xinjiang International Industry for CNY 62.1 million. As of September 30, 2014, Xinjiang Haorui New Energy Co., Ltd. had total assets of CNY 191.31 million, net assets of CNY 191.1 million, and no revenue. Xinjiang International Industry's Directorate approved the transaction. The transaction does not require approval from shareholders of Xinjiang International Industry Co.,Ltd.

Xinjiang Zhongyou Chemical Group Co., Ltd. cancelled the acquisition of remaining 85.82% stake in Xinjiang Haorui New Energy Co., Ltd. from Xinjiang International Industry Co.,Ltd (SZSE:000159) on January 30, 2016.