Wang Jiwen signed the share transfer agreement to acquire 10% stake in Houpu Clean Energy Co., Ltd. (SZSE:300471) from Jiang Tao for approximately CNY 370 million On November 17, 2020. Under the terms, Wang Jiwen will acquire 36.472 million shares at CNY 10.01 per share. As per terms of the consideration, Wang Jiwen will pay CNY 124.2 million within 5 working days of obtaining the Shenzhen Stock Exchange's compliance confirmation letter and CNY 240.88 million will be paid within 30 working days from the date of completion of the transfer of the shares.In a related transaction, Beijing Xingkai Investment Co., Ltd. signed the share transfer agreement to acquire 10% stake in Houpu Clean Energy from Jiang Tao for approximately CNY 370 million On November 17, 2020. Post-completion, Wang Jiwen will hold 10% stake, Beijing Xingkai will hold 15.51% stake and Jiang Tao will hold 13.6% stake in Houpu Clean Energy Co., Ltd. Wang Jiwen completed the acquisition of 10% stake in Houpu Clean Energy Co., Ltd. (SZSE:300471) from Jiang Tao on December 11, 2020.