XiNing Special Steel Co., Ltd. (SHSE:600117) signed an equity transfer agreement to acquire an additional 5.55% stake in Qinghai Xigang Property Co., Ltd. from CDB Development Fund Ltd. for CNY 10 million on February 19, 2021. As per the terms of the agreement, XiNing Special Steel Co., Ltd. shall pay CDB Development Fund Ltd within 10 working days after the agreement becomes effective, the total consideration to CDB Development Fund’s account. In September 30, 2020, Qinghai Xigang Property reported a total assets of CNY 2.7 billion and total common equity of CNY 982 million. The transaction was approved by the Board of Directors of XiNing Special Steel Co., Ltd.