Jiangsu Expressway Company Limited (SEHK:177) agreed acquire Jiangsu Yunshan Green Energy Investment Holding Company from JiangSu Communications Holding Co., Ltd. for CNY 2.5 billion on April 29, 2022. Conditions Precedent to completion need shareholder approval, Completion of the Target Equity transfer shall take place within 5 working days after all Conditions Precedents to Completion are satisfied. The parties to the Equity Transfer Agreement shall try their best to complete their respective tasks and endeavor to confirm the completion date on or before 31 December 2022. All Conditions Precedent to Completion are
satisfied then the Company shall pay 30% of the Consideration CNY 737.1 million.