CECEP Wind-power Corporation Co.,Ltd. (SHSE:601016) agreed to acquire Julu County Tenghuang New Energy Technology Co., Ltd. from Tian Liling and Hao Yanbo for approximately CNY 495 million on May 14, 2022. Based on the results, after negotiation by both parties, the 100% equity of Julu County Tenghuang New Energy Technology is priced at CNY 5.7. The amount of the debt to be undertaken shall not exceed CNY 494,789,900. In June 30, 2021, Julu County Tenghuang New Energy Technology reported total assets of CNY 481,339,482.14 and Owner's equity of CNY 10,258,680.77.