Pengxin International Mining Co.,Ltd (SHSE:600490) signed a framework agreement on equity acquisition of 56% stake in Qiemo County Bangtai Mining Investment Co., Ltd. from Xinjiang Hengxin Kunlun Mining Investment Co., Ltd. for CNY 300 million on August 20, 2021. Upon completion, Xinjiang Hengxin Kunlun Mining Investment Co., Ltd. won't hold any equity in Qiemo County Bangtai Mining Investment Co., Ltd.

Pengxin International Mining Co.,Ltd (SHSE:600490) terminated the acquisition of 56% stake in Qiemo County Bangtai Mining Investment Co., Ltd. from Xinjiang Hengxin Kunlun Mining Investment Co., Ltd. on January 27, 2022.