Shenzhen City Yantian Port Group Co. Ltd signed a non-binding agreement to acquire Zhoushan Oil Storage and Terminal Facilities from Brightoil Petroleum (Holdings) Limited on January 7, 2020. Shenzhen City Yantian Port Group Co. Ltd signed a share purchase agreement to acquire 90% stake in Zhoushan Oil Storage and Terminal Facilities from Brightoil Petroleum (Holdings) Limited for CNY 2.3 billion on December 9, 2020. In a related transaction, Yantian Port Group will acquire 100% of the equity interest in Brightoil Petroleum Storage (Zhoushan) and 55% of the equity interest in Zhoushan Brightoil Terminal.