Guizhou Chitianhua Co.,Ltd. (SHSE:600227) agreed to acquire Mining rights and related ancillary assets of Huaqiu Second Mine from Guizhou Chitianhua Huaqiu Mining for approximately CNY 900 million on September 7, 2023. Consideration is in the form of Equity swap of affiliate companies, creditor?s rights and cash. Transaction has already been approved by Guizhou Chitianhua board of director's and is still subject to approval from Guizhou Chitianhua's shareholders and Guizhou Provincial Department of Natural Resources.