Xinyu Hangrui Investment Center (Limited Partnership) agreed to acquire 85% stake in Zaozhuang Zhongke Environment-Protection Electric Power Co., Ltd. from Anhui Shengyun Environment-Protection group Co., Ltd (SZSE:300090) for approximately CNY 270 million on October 26, 2017. Anhui Shengyun Environment-Protection group Co., Ltd will reduce holding to 12.97% stake. In related transactions, Anhui Shengyun Environment-Protection group Co., Ltd and Beijing China Sciences General Energy & Environment Co., Ltd. will transfer partial equity in Tongcheng Shengyun Environment-Protection Electric Power Co., Ltd., Jining Zhongke Environment-Protection Electric Power Co., Ltd., and Tonglu Shengyun Environment-Protection Electric Power Co., Ltd. to Xinyu Hangrui Investment Center (Limited Partnership). During the year ended December 31, 2016, Zaozhuang Zhongke Environment-Protection Electric Power Co., Ltd. reported total assets of CNY 389.75 million, net loss of CNY 1.38 million, and net assets of CNY 245 million. Board of Directors of Anhui Shengyun Environment-Protection group Co., Ltd approved the transaction. The transaction is subject to approval of shareholders of Anhui Shengyun Environment-Protection group Co., Ltd. Xinyu Hangrui Investment Center (Limited Partnership) cancelled the acquisition of 85% stake in Zaozhuang Zhongke Environment-Protection Electric Power Co., Ltd. from Anhui Shengyun Environment-Protection group Co., Ltd (SZSE:300090) on October 26, 2018.