CETC Chongqing Acoustic-Optic-Electronic Co., Ltd. intends to acquire 45.6% stake in CETC Energy Joint-Stock Co., Ltd. (SHSE:600877) from China Electric Power Group for free on December 12, 2020. As of the signing date of this plan, China Electric Power Group Co., Ltd. holds 262 million shares of the company, accounting for 45.6% of the total share capital of the company before the transaction. China Electric Power Group Co., Ltd. intends to transfer all its shares held in the company to CETC Chongqing Sound Optoelectronics Co., Ltd. for free. After the transfer is completed, China Electric Power Group Co., Ltd. no longer holds the shares of CETC Energy Joint-Stock Co, and CETC Chongqing Sound Optoelectronics Co., Ltd. holds 262 million shares of the company, accounting for 45.6% of the total share capital of CETC Energy Joint-Stock Co after the transaction. The components of the division shall be implemented after all the required approvals (including but not limited to the approval of the competent internal approval authority of the relevant transaction party and the approval of the relevant government departments) have been obtained. As of February 26, 2021, China Electronics Technology Group approved the transaction.