Shanghai Zijiang Enterprise Group Co., Ltd. agreed to acquire the remaining 35% stake in Shanghai Zidong Nylon Materials Technology Co.,Ltd. from Shanghai Zijiang Holdings Co., Ltd. for CNY 100 million.

SHANGHAI ZIJIANG ENTERPRISE GROUP CO., LTD is a China-based company, principally engaged in the manufacture and sales of packaging materials. The Company provides polyethylene terephthalate (PET) bottles and semi-finished bottles, crown covers and labels, aluminum-plated paper and cardboards, color paper package printing service, film substrates and plastic caps. The Company is also an original equipment manufacturer (OEM) of drinks, and provider of property development and trading services. The Company operates its businesses primarily in domestic market.