Xinjiang Silk Road Kunyuan Energy Company Limited and China Power Investment Northeast New Energy Development Co., Ltd. agreed to acquire Dunhuang JA Photovoltaic Electric Power Development Co., Ltd. from Dunhuang JA Photovoltaic Electric Power Development Co., Ltd. for approximately CNY 310 million on November 23, 2020. In a related transaction, China Power Investment Northeast New Energy Development Co., Ltd. agreed to acquire Chifeng JA Photovoltaic Power Generation and Jarud Banner JA Photovoltaic Power Generation for approximately CNY 170 million. Dunhuang JA Photovoltaic Electric Power Development has total assets of CNY 875.5 million, net assets of CNY 311.8 million as of June 30, 2020 and generated revenues of CNY 98.2 million and net profit of CNY 23.5 million for the year end December 31, 2019. The Board of directors of Dunhuang JA Photovoltaic Electric Power Development approved the transactions and do not need the shareholders’ approval.