Inner Mongolia Jidian Energy Co., Ltd. entered into share purchase agreement to acquire 90% stake in Xilinhot Jingyuntong Ventilation Power Generation Co., Ltd from Beijing Jingyuntong Technology Co., Ltd. and Zhenjiang Tianhua Jiayuan Enterprise Management Consulting Center (Limited Partnership) for CNY 209.688 million.

Inner Mongolia Jidian Energy Co., Ltd. entered into share purchase agreement to acquire 90% stake in Xilinhot Jingyuntong Ventilation Power Generation Co., Ltd from Beijing Jingyuntong Technology Co., Ltd. (SHSE:601908) and Zhenjiang Tianhua Jiayuan Enterprise Management Consulting Center (Limited Partnership) for CNY 209.688 million on March 10, 2021. Inner Mongolia Jidian will acquire 41% from Beijing Jingyuntong Technology Co., Ltd. and 49% from Zhenjiang Tianhua Jiayuan Enterprise Management Consulting Center (Limited Partnership). Xilinhot Jingyuntong Ventilation Power Generation reported total assets of CNY 225 million and total common equity of CNY 300 million for the year ending September 30, 2021.

The board of Beijing Jingyuntong Technology Co., Ltd. approved the deal. This agreement shall become effective from the date when the legal representatives or authorized representatives of all parties sign and seal. As of August 3, 2021, The consideration based on the assessed value of Xilinhot Jingyuntong's equity on April 30, 2021, the assessment base date, the two parties agreed that the consideration for the underlying equity is CNY 209.688 million.