Changshu Fengfan Power Equipment Co., Ltd. (SHSE:601700) agreed to acquire an additional 13.33% stake in Menglan Xinghe Energy Co., Ltd from Heihe Xinghe Industrial Development Co., Ltd. and Jiangsu Menglan Group Co., Ltd. for nil consideration on January 13, 2017. Under the terms, Changshu Fengfan Power Equipment Co., Ltd. will acquire 46.65 million shares each from Heihe Xinghe Industrial Development Co., Ltd. and Jiangsu Menglan Group Co., Ltd. After completion of the transaction, Changshu Fengfan Power Equipment Co., Ltd. will hold 30% stake in Menglan Xinghe Energy Co., Ltd. The transaction was approved by the Board of Changshu Fengfan Power Equipment Co., Ltd. in the 11th meeting of 3rd directorate on January 13, 2017 and does not require its shareholders' approval. Changshu Fengfan Power Equipment Co., Ltd. (SHSE:601700) cancelled the acquisition of an additional 13.33% stake in Menglan Xinghe Energy Co., Ltd from Heihe Xinghe Industrial Development Co., Ltd. and Jiangsu Menglan Group Co., Ltd. on January 13, 2018.