China New Electric Power Group Co., Ltd. agreed to acquire 33.49% stake in Xinjiang Tianfu Energy Co., Ltd. (SHSE:600509) from Xinjiang Tianfu Group Company Limited for approximately CNY 3.3 billion on December 22, 2023. The target of the transfer is 461.77 million shares directly held by Tianfu Group, the transfer price is CNY 730 per share. As on February 28, 2024 both parties signed the Share Transfer Agreement Supplementary Agreement

China New Electric Power Group Co., Ltd. completed the acquisition of 33.49% stake in Xinjiang Tianfu Energy Co., Ltd. (SHSE:600509) from Xinjiang Tianfu Group Company Limited on April 19, 2024.