Zhenjiang Qiuwei Business Service Co., Ltd. agreed to acquire 6.3% stake in Jiangyin Electrical Alloy Co.,Ltd from Zhenjiang Jinkangsheng Enterprise Management Co., Ltd. for CNY 240 million.

Jiangyin Electrical Alloy Co Ltd is a company mainly engaged in research, development, production and sales of copper and copper alloy products. The Company's products are comprised of electrified railway catenary series products and copper busbar series products. The electrified railway contact network products include railway contact lines and load-bearing cables, which are used in electrified railway areas, such as high-speed railways. The copper busbar series products include copper busbars and deep-processed copper parts, which are used in the fields of power generation, transmission and distribution.