Center International Group Co.,Ltd. (SHSE:603098) entered an agreement acquire LONGi Green Energy Photovoltaic Engineering Co., Ltd. from Xi'an LONGi Green Energy Building Technology Co., Ltd. for approximately CNY 68 million on March 31, 2022. Center International Group will pay 40% of the consideration within 5 working days of signing of agreement, after paying the first tranche of consideration, Xi'an LONGi Green Energy Building Technology will cooperate to make industrial and commercial changes. As of February 28, 2022, the total assets of LONGi Green Energy Photovoltaic Engineering Co., Ltd. were approximately CNY 310 million and the net assets were approximately CNY 81 million.

The transaction has been approved by the board of Center International Group Co.,Ltd.