CSSC Science& Technology Co., Ltd (SHSE:600072) entered into an agreement to acquire Five Companies in China for CNY 9.1 billion on September 30, 2022. CSIC Haizhuang Windpower Co., Ltd will acquire 100% stake in CSIC Haizhuang Windpower Co., Ltd., 88.58% stake in CSSC Group Wind Power Development Co., Ltd., 100% stake in CSIC Haiwei (Xinjiang) New Energy Co., Ltd., 44.64% stake in Luoyang Sunrui Wind Turbine Blade Co., Ltd., and 10% stake in CSIC (Wuhan) Lingjiu Electronic Co., Ltd. The CSSC Science will raise supporting funds of not more than CNY 3 billion. The transaction has been approved by board of CSSC Science& Technology Co., Ltd. As of November 15, 2022, the transaction has been approved by the State-owned Assets Supervision and Administration Commission.