Dynagreen Environmental Protection Group Co., Ltd. (SEHK:1330) entered into the equity acquisition framework agreement to acquire Kunming Fengde Environmental Protection Electric Power Co., Ltd. from Chung Hua Environment Protection Assets (Holding) Group Ltd. and Fujian Fengquan Environmental Protection Holdings Co Ltd on February 18, 2023. Kunming Fengde Environmental Protection Electric Power has reported total assets of CNY 468.3936 million and net assets of CNY 174.2756 million on 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 Kunming Fengde Environmental Protection Electric Power Co., Ltd. from Chung Hua Environment Protection Assets (Holding) Group Ltd. and Fujian Fengquan Environmental Protection Holdings Co Ltd on January 15, 2024.