Yangzhou Jianglink Energy Saving Technology Co., Ltd. agreed to acquire 51% stake in Chengdu Viva Energy Saving Technology Co., Ltd. from Sichuan Western Resources Holding Co., Ltd. (SHSE:600139) for CNY 7.5 million on November 15, 2018. Yangzhou Jianglink Energy Saving Technology Co., Ltd. signed a settlement agreement to acquire 51% stake in Chengdu Viva Energy Saving Technology Co., Ltd. from Sichuan Western Resources Holding Co., Ltd. (SHSE:600139) for CNY 7.5 million on November 22, 2018. Through said agreement, a 51% stake in Chengdu Viva Energy Saving Technology Co., Ltd. as well as the whole debt of Chengdu Viva Energy towards Sichuan Western Resources will be transferred to Yangzhou Jianglink Energy Saving Technology Co., Ltd. A payment of CNY 0.5 million has already been made on November 15, 2018. Another payment of CNY 4.5 million will be made before November 21, 2018. The final payment of CNY 2.5 million will be paid within 10 days since completion of change of registry procedures. Chengdu Viva Energy reported net liabilities of CNY 36.25 million, total assets of CNY 5.2 million, sales of CNY 0 million and net loss of CNY 3.97 million as of December 31, 2017. 80th meeting of the 8th directorate of Sichuan Western Resources approved the deal on November 20, 2018. Yangzhou Jianglink Energy Saving Technology Co., Ltd. cancelled the acquisition of 51% stake in Chengdu Viva Energy Saving Technology Co., Ltd. from Sichuan Western Resources Holding Co., Ltd. (SHSE:600139) on November 15, 2019.