Shenyang Runtou Property Development Company Limited. entered into an agreement to acquire a 26% stake in Shenyang China Resources Thermal Power Co., Ltd from Shenyang Jinshan Energy Co., Ltd. (SHSE:600396) for approximately CNY 270 million on December 24, 2020. Under the terms, the consideration will be paid 50% prior to entering to agreement and the remaining balance of consideration together with interest accrued at the one-year term loan prime rate. The transaction will be financed by the internal resources of the Group. Shenyang China Resources Thermal Power Co., Ltd reported net book value of CNY 675 million for the year ended on December 31, 2020.