City Development Environment Co., Ltd. (SZSE:000885) agreed to acquire Zhengzhou TUS Zero Carbon Technology Co., Ltd. from TUS ENVIRONMENTAL SCIENCE AND TECHNOLOGY DEVELOPMENT Co., LTD. (SZSE:000826) for CNY 1 billion on June 2, 2021. Zhengzhou TUS Zero Carbon Technology Co., Ltd. reported total assets of CNY 4.78 billion, total liabilities of CNY 3.53 billion, net assets of CNY 1.14 billion, revenue of CNY 476.61 million, operating profit of CNY 60.16 million and net profit of CNY 58.3 million for the year ended December 31, 2020. The transaction has been approved by board of TUS ENVIRONMENTAL SCIENCE AND TECHNOLOGY DEVELOPMENT Co., LTD. and is pending Shareholders' Approval.