Hunan Chendian International Developmentco.,ltd (SHSE:600969) agreed to acquire additional 39% stake in Lincang Chendian Hydropower Investment Limited Company from Hunan Ruifeng Xinneng Investment Consulting Co., Ltd. for CNY 7.8 million on April 17, 2019. Payment will be done in 2 installments. 1st installment of 90% of the price payable within 5 day since signing of the agreement and a 2nd installment of 10% of the price payable within 3 days since completion of change of registry procedures. As of December 31, 2018, Lincang Chendian Hydropower reported total assets of CNY 120 million and net assets of CNY 39.8 million. For the year ended December 31, 2018, Lincang Chendian Hydropower reported operating revenue of CNY 22.8 million and net profit of CNY 0.31 million. The transaction was approved by the 47th meeting of the 5th directorate of Hunan Chendian International Developmentco on April 17, 2019. Hunan Chendian International Developmentco.,ltd (SHSE:600969) cancelled the acquisition of additional 39% stake in Lincang Chendian Hydropower Investment Limited Company from Hunan Ruifeng Xinneng Investment Consulting Co., Ltd. on April 17, 2020.