Panda Financial Holding Corp., Ltd. (SHSE:600599) signed an agreement on the intention of acquisition of 55% stake in Nantong Eoplly New Energy Electric Power Co., Ltd. from Eoplly New Energy Technology Co., Ltd. for CNY 1.2 billion on November 12, 2018. The consideration will be paid in cash. The final actual transfer and transfer of equity ratio and transaction price will be based on the final transaction agreement document. Panda Financial Holding Corp., Ltd. will have control over Nantong Eoplly New Energy Electric Power Co., Ltd. after the transaction is completed and Eoplly New Energy Technology Co., Ltd.'s stake in Nantong Eoplly New Energy Electric Power Co., Ltd. will decrease from 99.8% to 44.8%. Panda Financial Holding Corp., Ltd. (SHSE:600599) cancelled the acquisition of 55% stake in Nantong Eoplly New Energy Electric Power Co., Ltd. from Eoplly New Energy Technology Co., Ltd. on January 12, 2019. The independent financial advisors, legal consultants, audit institutions, evaluation agencies and other relevant intermediaries have not fully and thoroughly conducted the due diligence of the transaction, and it is difficult to complete the transaction in a short period of time. In view of this, in order to protect the interests of listed companies and investors, after carefully listening to the opinions of all parties concerned, Panda Financial Holding Corp., Ltd. decided to terminate the acquisition.