Xinjiang Tianfu Group Co., Ltd agreed to acquire 39.39% stake in Xinjiang Liye Tianfu Energy Co., Ltd. from Xinjiang Tianfu Energy Co., Ltd. (SHSE:600509) on December 18, 2017. The Board of Directors of Xinjiang Tianfu Energy Co., Ltd. approved the transaction on December 18, 2017. Xinjiang Tianfu Group Co., Ltd cancelled the acquisition of 39.39% stake in Xinjiang Liye Tianfu Energy Co., Ltd. from Xinjiang Tianfu Energy Co., Ltd. (SHSE:600509) on January 14, 2019. The Board of Directors of Xinjiang Tianfu Energy Co., Ltd. approved the termination of Xinjiang Liye Tianfu Energy Co., Ltd.