Baiyin Nonferrous Group Co., Ltd. (SHSE:601212) agreed to acquire remaining 49% stake in Baiyin Xindafu Technology Chemical Co., Ltd from Gansu New Materials Industry Venture Capital Fund Co., Ltd on March 28, 2022. In a related transaction, Baiyin Nonferrous Group Co., Ltd. (SHSE:601212) agreed to acquire remaining 13% stake in Baiyin Nonferrous Changtong Wire and Cable Co., Ltd from Gansu New Materials Industry Venture Capital Fund Co., Ltd on March 28, 2022. As of March 28, 2022, the board of directors of Baiyin Nonferrous Group Co., Ltd approved the transaction.