Gansu Jingyuan Coal Industry & Electricity Power Co., Ltd (SZSE:000552) signed an agreement to acquire Gansu Coal First Engineering Co., Ltd from Jingyuan Coal Industry Group Co., Ltd. for CNY 120 million on May 6, 2022. Board of directors of Gansu Jingyuan Coal Industry & Electricity Power Co., Ltd have approved the transaction. As of three months ended March 31, 2022, Gansu Coal First Engineering Co., Ltd reported revenue of CNY 53.52 million, EBIT of CNY 8.715 million and Net income of CNY 8.468 million.