Far East Smarter Energy Co.,Ltd (SHSE:600869) signed conditional agreement to acquire remaining 49% stake in Beijing Jinghangan Airport Engineering Co., Ltd. from Far East Holding Group Co., Ltd. for approximately CNY 910 million on June 19, 2018. As on July 2, 2018, Far East Smarter Energy Co.,Ltd signed share transfer supplement agreement with Far East Holding Group Co., Ltd and adjusted transfer price to approximately CNY 730 million. During the financial year ended December 2017, Beijing Jinghangan Airport Engineering Co., Ltd. reported total assets of CNY 758.1 million and revenue of CNY 751.8 million. The transaction is subject to shareholders approval of Far East Smarter Energy Co.,Ltd. As on June 19, 2018, transaction has been approved by the Board of Far East Smarter Energy Co. As on July 1, 2018, transaction has been approved by the Board of Far East Smarter Energy. On July 17, 2018, the transaction was approved by the shareholders Far East Smarter Energy Co.,Ltd. As of December 12, 2018, it is notified that the payment of 50% of the purchase price was completed on August 10, 2018, but the equity transfer is not completed yet. The members of the board of directors and company operations of Beijing Jinghangan Airport Engineering Co., Ltd. have not yet been appointed by Far East Smarter Energy Co.,Ltd. Far East Smarter Energy Co.,Ltd (SHSE:600869) completed acquisition of remaining 49% stake in Beijing Jinghangan Airport Engineering Co., Ltd. from Far East Holding Group Co., Ltd. on January 12, 2019.