China Power International Development Limited (SEHK:2380) entered into equity transfer agreement to acquire 36% stake in Shanghai Qiyuanxin Power Technology Co., Ltd. from China Power International Holding Limited for CNY 18 million on July 30, 2021. The consideration will be paid in lump sum through bank remittance to a designated bank account of the transferor within 20 working days after the conditions precedent of the agreement have been fulfilled or waived. The transaction will be financed with the internal resources of the Group. China Power International Development Limited (SEHK:2380) completed the acquisition of a 36% stake in Shanghai Qiyuanxin Power Technology Co., Ltd. from China Power International Holding Limited for CNY 18 million on September 28, 2021.