Dynagreen Environmental Protection Group Co., Ltd. (SEHK:1330) entered into a framework agreement to acquire Dingzhou Ruiquan Solid Waste Treatment Co., Ltd from Jiangsu Jieying Environmental Protection Technology Co., Ltd. on February 18, 2023. Dingzhou Ruiquan recorded total assets of CNY 518 million and net assets of CNY 99.9 million as of June 30, 2022. As of August 16, 2023, the exclusivity period under the framework agreement was changed from five months from the date of signing the framework agreement into the period from the date of signing the Framework Agreement to December 31, 2023 by entering into supplemental agreement based on progress of due diligence and friendly negotiation.

Dynagreen Environmental Protection Group Co., Ltd. (SEHK:1330) cancelled the acquisition of Dingzhou Ruiquan Solid Waste Treatment Co., Ltd from Jiangsu Jieying Environmental Protection Technology Co., Ltd. on January 16, 2024.