Harbin Hatou Investment Co.,Ltd (SHSE:600864) signed the Equity Transfer Intention Agreement to acquire Harbin Taiping Heating Co., Ltd. from Harbin Investment Group Corporation Limited on July 26, 2021. Harbin Hatou Investment Co.,Ltd signed the Equity Transfer Agreement to acquire Harbin Taiping Heating Co., Ltd. from Harbin Investment Group Corporation Limited for approximately CNY 210 million on September 13, 2021. Harbin Hatou intends to acquire 100% equity of Harbin Taiping Heating in cash. The transaction price of this transfer will be paid by Harbin Hatou Investment to Harbin Investment Group in installments. Among them, within 5 working days after the formal transfer agreement takes effect and the transaction is approved by the internal authority of both parties, Harbin Hatou Investment shall pay 50% of the total transaction price to Harbin Investment Group; the relevant government departments for the completion of the transaction approval (if involved) and within 10 working days from the date of completion of the delivery of the underlying asset, Harbin Hatou Investment shall pay Harbin Investment Group 50% of the transaction price. The specific payment method and conditions shall be determined by both parties in the formal agreement. Both parties agree that the audit and evaluation base date for this transfer is determined to be June 30, 2021. For the period ended on June 30, 2021, Harbin Taiping Heating reported total assets of CNY 860 million and net assets of CNY 200 million. The transaction and its formal plan still need to perform necessary approval procedures in accordance with the "Articles of Association", "Shanghai Stock Exchange Stock Listing Rules" and other laws and regulations. As of July 26, 2021, the transaction has been approved by the board of Harbin Hatou Investment. RenDa Law Firm acted as legal advisor to Harbin Hatou Investment Co.,Ltd. Harbin Hatou Investment Co.,Ltd (SHSE:600864) completed the acquisition of Harbin Taiping Heating Co., Ltd. from Harbin Investment Group Corporation Limited on September 17, 2021. Harbin Taiping Heating Co., Ltd.'s 100% equity has been transferred to the company, and the relevant change procedures have been completed. The company has become the controlling shareholder of Harbin Taiping Heating Co., Ltd.