Pengxin International Mining Co.,Ltd (SHSE:600490) signed a letter of intent to acquire an unknown stake in Turpan Xueyin Metal Mining Co.,Ltd from Yang Xueyin and other shareholders on July 24, 2019. The transaction is not subject to approval from the Board of Directors nor the shareholders’ meeting of Pengxin International. Pengxin International Mining Co.,Ltd (SHSE:600490) cancelled the acquisition of unknown stake in Turpan Xueyin Metal Mining Co.,Ltd from Yang Xueyin and other shareholders on July 24, 2020.