Beijing Jingze Yangguang Industrial Co., Ltd. won the bid to acquire Beijing Sanju Energy Co., Ltd. from Beijing Sanju Environmental Protection & New Materials Co., Ltd. (SZSE:300072) for approximately CNY 500 million on February 2, 2021. On October 16, 2020, Board of Directors of Beijing Sanju Environmental Protection & New Materials Co., Ltd. approved the transaction in 2nd Meeting of the 5th Directorate. On February 2, 2021, Beijing Jingze Yangguang Industrial was announced the only qualifying buyer. Beijing Jingze Yangguang Industrial Co., Ltd. completed the acquisition of Beijing Sanju Energy Co., Ltd. from Beijing Sanju Environmental Protection & New Materials Co., Ltd. (SZSE:300072) on March 24, 2021. Recently, Beijing Jingze Yangguang paid CNY 257.1 million and remaining CNY 247.03 million shall be paid to the designated receiving account within one year from the effective date of the contract.