Qitaihe Fengrun Wind Power Company Limited agreed to acquire 51% stake in Qitaihe Jiaxing Wind Power Generation Co., Ltd. from Harbin Jiuzhou Group Co.,Ltd. (SZSE:300040) for CNY 90.78 million on November 30, 2023. Qitaihe Jiaxing Wind Power Generation Co., Ltd. reported total assets of CNY 326.2 million and net assets of CNY 123.65 million on September 30, 2023. Within 5 working days from the effective date of the contract, the buyer shall pay first equity transfer consideration, which is 30% and Within 5 working days after certain conditions are met, the buyer shall pay the second equity transfer consideration, which is 64% and after completing agreement, the buyer shall pay the third equity transfer consideration, which is 6% of the equity transfer price.

Harbin Jiuzhou Group Co., Ltd. board of directors approved the transaction.