Jilin Power Share Co.,Ltd. (SZSE:000875) agreed to acquire Kumul Yuanxin Wind Power Co., Ltd. from Shi Chun and Dai Kexin for approximately CNY 230 million on May 30, 2016. Shi Chun and Dai Kexin will sell 60% and 40% stake respectively. Of the consideration, CNY 10 million is the transfer price from the shareholders, and CNY 221.15 million will be used to pay for the capital contribution obligations of Kumul Yuanxin Wind Power. Kumul Yuanxin Wind Power reported total assets of CNY 830.66 million and net assets of CNY 10 million as of January 31, 2016. The deal was approved by the Board of Jilin Power Share and does not need the shareholders’ approval. Jilin Power Share Co.,Ltd. (SZSE:000875) cancelled the acquisition of Kumul Yuanxin Wind Power Co., Ltd. from Shi Chun and Dai Kexin on May 30, 2017.