Zhongshan Public Utilities Group Co.,Ltd (SZSE:000685) entered into an agreement to acquire Changqing Environmental Energy (Zhongshan) Co., Ltd. from Guangdong Chant Group Inc. (SZSE:002616) and Mingchu (Hong Kong) Limited on June 29, 2023. As of March 31, 2023, Changqing Environmental Energy reported total assets of CNY 263.7402 million and net assets of CNY 175.7801 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.