Grandall Nanjing Office has advised Ganzhou Chenguang Rare Earths New Material Co., Ltd., a subsidiary of Shenghe Resources (600392.SH), on its acquisition of 86% of equity in Jiangyin Jiahua New Material Co., Ltd. held by NEO International Corporation (NEO), 95% in Zibo Jiahua New Material Co., Ltd. held by NEO and 5% in Zibo Jiahua New Material Co., Ltd. held by Zibo Shijia Trading Co., Ltd. Grandall Nanjing Office has been retained by Chenguang Rare Earth as the legal advisor for this acquisition project.