Shandong Shuifa Zhongxing Thermal Power Co., Ltd. signed an agreement to acquire Wangqing Kaidi Green Energy Development Co., Ltd., Jiaohe Kaidi Green Energy Development Co., Ltd., Huadian Kaidi Green Energy Development Co., Ltd., Dunhua Kaidi Green Energy Development Co., Ltd., Nenjiang Kaidi Green Energy Development Co., Ltd. and Yushu Kaidi Biomass Power Generation Co., Ltd. from Kaidi Ecological and Environmental Technology Co., Ltd. (SZSE:000939) for CNY 2.06 billion on September 27, 2018. The consideration includes the share transfer price and debt settlement amount and will be paid in cash. Post-completion, the target companies will continue to be responsible for fulfilling repayment obligation related to the liabilities confirmed by all parties. The transaction is subject to shareholders approval of Kaidi Ecological. The transaction is approved at the 62nd session of the Kaidi Ecological’s 8th directorate on September 27, 2018. Shandong Shuifa Zhongxing Thermal Power Co., Ltd. cancelled the acquisition of Wangqing Kaidi Green Energy Development Co., Ltd., Jiaohe Kaidi Green Energy Development Co., Ltd., Huadian Kaidi Green Energy Development Co., Ltd., Dunhua Kaidi Green Energy Development Co., Ltd., Nenjiang Kaidi Green Energy Development Co., Ltd. and Yushu Kaidi Biomass Power Generation Co., Ltd. from Kaidi Ecological and Environmental Technology Co., Ltd. (SZSE:000939) on September 27, 2019.