Zhongshan Public Utilities Group Co.,Ltd (SZSE:000685) agreed to acquire Zhongshan Changqing Environmental Thermal Energy Co., Ltd. from Guangdong Chant Group Inc. (SZSE:002616) on June 29, 2023. The transaction was approved Guangdong Chant Group Inc. second meeting of the sixth board of directors. For the year ended, March 31, 2023, Zhongshan Changqing Environmental Thermal Energy Co., Ltd. total asset is CNY 491.203 million and net asset is CNY 193.561 million.

As of June 30, 2023, Zhongshan Public Utilities Group Co.,Ltd signed an Equity Merger and Acquisition Framework Agreement and on December 29, 2023 company signed an Supplementary Agreement to the Equity Merger and Acquisition Framework Agreement of Changqing Environmental Energy (Zhongshan) Co., Ltd. Where it was unanimously decided to extend the validity period of the original agreement until May 31, 2024.