Xinyu Hangrui Investment Center (Limited Partnership) agreed to acquire 85% stake in Tonglu Shengyun Environment-Protection Electric Power Co., Ltd. from Anhui Shengyun Environment-Protection group Co., Ltd (SZSE:300090) for CNY 54.8 million on October 26, 2017. In related transactions, Xinyu Hangrui Investment Center (Limited Partnership) agreed to acquire partial stakes in Zaozhuang Zhongke Environment-Protection Electric Power Co., Ltd., Tongcheng Shengyun Environment-Protection Electric Power Co., Ltd., Jining Zhongke Environment-Protection Electric Power Co., Ltd. Tonglu Shengyun Environment-Protection Electric Power Co., Ltd. reported total assets of CNY 408.1 million, shareholders’ equity of CNY 44.8 million, revenue of CNY 33.6 million and net loss of CNY 3.8 million for the year ended December 31, 2016. The transaction has been approved by Anhui Shengyun Environment-Protection group Co., Ltd in the 17th session of its 5th directorate on October 26, 2017 but still needs to be approved in the shareholders’ meeting. Xinyu Hangrui Investment Center (Limited Partnership) cancelled the acquisition of 85% stake in Tonglu Shengyun Environment-Protection Electric Power Co., Ltd. from Anhui Shengyun Environment-Protection group Co., Ltd (SZSE:300090) on October 26, 2018.