CECEP Assets Management Co., Ltd agreed to acquire 60% stake in CECEP Shanxi Lu'an Photovoltaic Agricultural Technology Co., Ltd. from CECEP Solar Energy Co.,Ltd. (SZSE:000591) for approximately CNY 110 million on September 29, 2021. The transaction has been approved by the board of directors of China Energy Conservation and Environmental Protection Group Co., Ltd., the parent of CECEP Solar Energy Co.,Ltd. As of December 31, 2020, CECEP Shanxi Lu'an Photovoltaic Agricultural Technology Co., Ltd. had total assets of CNY 458.7 million, net assets of CNY 19 million. For the year ending December 31, 2020, CECEP Shanxi Lu'an Photovoltaic Agricultural Technology Co., Ltd. had revenue of CNY 5.3 million, net profit of CNY 1.6 million.