Jilin Power Share Co.,Ltd. (SZSE:000875) agreed to acquire 51% stake in Shijiazhuang Shilei New Energy Development Co., Ltd. from Hebei Suming Power Sales Co., Ltd. for CNY 1 on December 4, 2017. Jilin Power Share Co.,Ltd. will use cash for the acquisition. Upon completion, Jilin Power Share Co.,Ltd. will hold 51% stake and Hebei Suming Power Sales Co., Ltd. will hold 49% stake in Shijiazhuang Shilei New Energy Development Co., Ltd. The board of Jilin Power Share Co.,Ltd. approved the transaction in its 7th directorate’s 20th meeting. The transaction does not need approval from the shareholder's of Jilin Power Share Co.,Ltd. Jilin Power Share Co.,Ltd. (SZSE:000875) cancelled the acquisition of 51% stake in Shijiazhuang Shilei New Energy Development Co., Ltd. from Hebei Suming Power Sales Co., Ltd. on December 4, 2018.