Jilin Power Share Co.,Ltd. (SZSE:000875) agreed to acquire 70% stake in Jilin Fubang Energy Technology Group Co., Ltd. from Jilin Sino-Australian Investment Group Co., Ltd. for CNY 0 on August 23, 2017. The deal has been approved by Board of Directors of Jilin Power Share Co.,Ltd. unanimously. The deal does not require the shareholder approval of Jilin Power Share Co.,Ltd.