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.