Gelonghui September 1 丨 CITIC Resources (01205.HK) announced that all prerequisites for the proposed acquisition have been met, and the proposed acquisition was completed on August 31, 2021. After completion of the proposed acquisition, all participating interests of Caspi Bitum and UTTIOS are directly owned by CCPL (a wholly-owned subsidiary of CCEL). Since CCEL is not a subsidiary of the company, but a joint venture, its performance is recorded in the group's consolidated financial statements using the equity method, so it is recommended that after the acquisition is completed, neither Caspi Bitum nor UttiOS will become subsidiaries of the company.