China Power Investment Northeast New Energy Development Co., Ltd. entered into an agreement to acquire Jarud Banner JA Photovoltaic Power Generation Co., Ltd. from JA Solar Technology Co., Ltd. (SZSE:002459) for CNY 63.4 million on November 23, 2020. In related transactions, China Power Investment Northeast New Energy Development and Xinjiang Silk Road Kunyuan Energy Co., Ltd. agreed to acquire Dunhuang JA Photovoltaic Electric Power Development Co. Ltd from JA Solar Technology Co., Ltd for CNY 305.7 million and China Power Investment Northeast New Energy Development Co., Ltd agreed to acquire Chifeng JA Photovoltaic Power Generation Co., Ltd from JA Solar Technology Co., Ltd.for CNY 106.5 million. As of December 31, 2019, Jarud Banner JA Photovoltaic Power Generation Co., Ltd. reported total assets of CNY 118.94 million, net assets of CNY 64.93 million, revenue of CNY 14.03 million and net profit of CNY 3 million. The transaction was approved by the board of directors of JA Solar Technology Co., Ltd. in the 17th meeting of the company’s 5th directorate held on November 23, 2020, and do not need the shareholders’ approval. China Power Investment Northeast New Energy Development Co., Ltd. completed the acquisition of Jarud Banner JA Photovoltaic Power Generation Co., Ltd. from JA Solar Technology Co., Ltd. (SZSE:002459) on December 8, 2020. JA Solar Technology Co., Ltd. (SZSE:002459) has recently received the first transaction consideration of CNY 14.595 million