Beijing Xingkai Investment Co., Ltd. signed a share transfer agreement to acquire an additional 10% stake in Houpu Clean Energy Co., Ltd. (SZSE:300471) from Jiang Tao for approximately CNY 370 million on November 17, 2020. Beijing Xingkai will acquire 36.5 million shares at CNY 10.01 per share. Post transaction, Beijing Xingkai Investment Co., Ltd. will hold 15.51% stake and Jiang Tao will hold 13.6% stake. In a related transaction, Wang Jiwen signed a share transfer agreement to acquire 10% stake in Houpu Clean Energy Co., Ltd. from Jiang Tao.