Country Investment Corporation intends to purchase 70% equity of Luochuan Lingxian Company for 74.8745 million yuan.

The National Investment Corporation of Zhonglu announced that it plans to make a cash investment of 74.874473 million yuan to acquire 70% equity of Luochuan Lingxian Company through purchasing shares and capital increase. Of this, 31.1103 million yuan will be used to purchase the equity held by the Luochuan County Development Reform and Technology Bureau, and 43.764173 million yuan will be used for capital increase. After the transaction is completed, the registered capital of Luochuan Lingxian Company will increase to 106.30 million yuan, with National Investment Corporation of Zhonglu subscribing to 74.41 million yuan, accounting for 70% of the shares. The transaction has been approved by the board of directors and does not require approval from the shareholders' meeting, but the agreement has not been signed and there is uncertainty. The transaction will help optimize production capacity layout and reduce raw material costs.