Yunnan Provincial Energy Investment Group Co.,Ltd. agreed to acquire 5.13% stake in Yunnan Yunwei Company Limited (SHSE:600725) from Yunnan Yunwei Group Co., Ltd. and Yunnan Coal Chemical Industry Group Co.,Ltd. for approximately CNY 300 million on October 23, 2019. Parties involved in the transaction, entered into an agreement on October 25, 2019. The consideration shall be paid by Yunnan Provincial Energy Investment Group Co.,Ltd. within 3 days of signing of the agreement. Yunnan Provincial Energy Investment Group Co.,Ltd. will acquire 55.06 million shares from Yunnan Coal Chemical Industry Group Co.,Ltd. and 8.13 million shares from Yunnan Yunwei Group Co., Ltd. at a price of CNY 4.8 per share. Yunnan Yunwei Group Co., Ltd. will get CNY 39.02 million and Yunnan Coal Chemical Industry Group Co.,Ltd. will get CNY 264.31 million as consideration. The transaction is approved by State-owned Assets Supervision and Administration Commission of Yunnan Province, Board of Directors of Yunnan Provincial Energy Investment Group Co.,Ltd., Yunnan Yunwei Group Co., Ltd. and Yunnan Coal Chemical Industry Group Co.,Ltd.