ENN Energy Holdings Limited (SEHK:2688) entered into a conditional share purchase agreement to acquire Luoyang Shunhe Energy Company Limited from Hong Kong Chung Wo Energy Investments Limited for cash consideration of CNY 74 million on June 30, 2021. Under the terms of transaction, CNY 59.187 million will be paid by ENN Energy to Hong Kong Chung Wo Energy within 2 working days upon fulfilment of payment conditions, CNY 7.398 million will be paid within 2 working days after six months of the Completion and CNY 7.398 million will be paid within 2 working days after nine months of the Completion. Upon the completion of transaction, China CBM Group Company will cease to hold any interests in Luoyang Shunhe Energy Company. As of December 31, 2020, Luoyang Shunhe Energy Company reported turnover of CNY 0.072 million. Transaction is subject to customary closing conditions, including obtaining Shareholders’ approval. As of September 23, 2021, the transaction is approved by the shareholders of China CBM Group Company Limited (SEHK : 8270).