Hunan Chendian International Development co.,ltd (SHSE:600969) agreed to acquire additional 2% stake in Chenzhou Chendian Science & Technology Co., Ltd from Chenzhou Electric Power Co., Ltd for CNY 1.1 million on December 29, 2020. Chenzhou Chendian Science & Technology reported total common equity of CNY 52.1 million, total assets of CNY 72.7 million and net income of CNY 3.2 million for the year ending December 31, 2019. Upon completion of this transaction, Hunan Chendian International Development's stake will increase from 49% to 51% in the Chenzhou Chendian Science & Technology.