Zhongnan Guangdong Hydropower Investment Co., Ltd. agreed to acquire Guangshui Taojiang Hydropower Development Co., Ltd. and Chengdu Hydraulic Steel Structure Co., Ltd. from Guangdong No.2 Hydropower Engineering Company, Ltd (SZSE:002060) for approximately CNY 170 million on August 18, 2016. The transaction is subject to shareholders’ approval of Guangdong No. 2 Hydropower Engineering Co., Ltd. and has been approved by its board of directors. Zhongnan Guangdong Hydropower Investment Co., Ltd. cancelled the acquisition of Guangshui Taojiang Hydropower Development Co., Ltd. and Chengdu Hydraulic Steel Structure Co., Ltd. from Guangdong No.2 Hydropower Engineering Company, Ltd (SZSE:002060) on August 18, 2017.