Shandong Hi-speed Group Co.,Ltd completed the acquisition of 10% stake in Shandong Tonghui Capital Investment Group Co., Ltd. from Guangdong Huatie Tongda High-speed Railway Equipment Corporation.

Guangdong Huatie Tongda High-speed Railway Equipment Corp, formerly Guangdong Kaiping Chunhui Co Ltd, is a China-based company principally engaged in the manufacturing and sales of rail transportation equipment. The Company mainly products high-speed rail accessories, including the water supply and sanitation systems, the standby power systems, maintenance systems and brake pads. The Company is also engaged in the production and sales of polyester filament, nylon filament, high viscosity and bottle grade slices, as well as other chemical fiber products. Its chemical fiber products are mainly used in the production of clothing and home textiles. The Company mainly distributes its products in the domestic market.