Dynagreen Environmental Protection Group Co., Ltd. (SEHK:1330) entered into the Equity Acquisition Framework Agreement to acquire Xianning Zhongde Environmental Protection Electric Power Co., Ltd from Chung Hua Environmental Protection Holdings and Fujian Fengquan Environmental Protection Holdings Co Ltd on February 18, 2023. For the year ended, June 30, 2022, Xianning Zhongde Environmental Protection Electric Power Co., Ltd total asset CNY 273.575 and net asset is CNY 133.6758 million. 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 Xianning Zhongde Environmental Protection Electric Power Co., Ltd from Chung Hua Environmental Protection Holdings and Fujian Fengquan Environmental Protection Holdings Co Ltd on January 15, 2024.