MCC Meili Cloud Computing Industry Investment Co., Ltd (SZSE:000815) agreed to acquire Tianjin Juyuan New Energy Technology Co., Ltd./Lishen Battery (Suzhou) Co., Ltd. from Tianjin Lishen Battery Co., Ltd. for CNY 3.4 billion on November 10, 2022. As consideration, the Company will exchange Ningxia Xinghe New Materials Technology Co., Ltd.?s 100% stake priced at CNY 82.9 million and issue 495.46 million shares for the remaining CNY 3.6 billion. The consideration will be paid in form of asset exchange and a further payment raised from supporting funds. The transaction has been approved by board of MCC Meili Cloud Computing Industry Investment Co., Ltd (SZSE:000815) and Tianjin Lishen Battery Co., Ltd.. The transaction is subject to approval from The Company?s Shareholders? Approval;Tianjin Lishen Battery Co., Ltd.?s Shareholders? Approval;The Shenzhen Stock Exchange?s Approval and The CSRC?s Approval. For the year ended December 2021, Total Assets were of CNY 5.7 billion, Net Assets were of CNY 1.9 billion, Total Revenue was of CNY 5.6 billion, Operating Profit was of CNY 182 million and Net Profit was of CNY 166 million.

China International Capital Corporation Limited (SEHK:3908) acted as financial advisor, Dacheng Law Offices acted as legal advisor and BDO China SHU LUN PAN Certified Public Accountants LLP acted as accountant. Da Hua Certified Public Accountants acted as accountant to MCC Meili Cloud Computing Industry Investment Co., Ltd.

MCC Meili Cloud Computing Industry Investment Co., Ltd (SZSE:000815) terminated the agreement to acquire Tianjin Juyuan New Energy Technology Co., Ltd./Lishen Battery (Suzhou) Co., Ltd. from Tianjin Lishen Battery Co., Ltd. on March 1, 2024.