Henan Mingtai Al.Industrial Co.,Ltd. (SHSE:601677) agreed to acquire 90.4% stake in Henan Gongdian Thermal Co., Ltd. from Du Zhenguo, Li Zhongliang and 32 shareholders for CNY 28.8 million in cash on February 25, 2014. As of September 2013, Henan Gongdian Thermal Co., Ltd. reported total assets of CNY 137.44 million, total liabilities of CNY 166.26 million, revenues of CNY 50.87 million, net loss of CNY 21.88 million and net liabilities of CNY 28.83 million. The Board of Directors of Henan Mingtai Al.Industrial Co.

approved the transaction on February 25, 2014.