Ningbo Xinda Kaili Equity Partnership Enterprise (LP) entered into an agreement to acquire 14.2% stake in Uni-Power Group Co., Ltd. from Meidu Holding Co.,Ltd. (SHSE:600175) for approximately CNY 250 million on December 4, 2016. Under the terms of the transaction, Ningbo Xinda Kaili Equity Partnership Enterprise (LP) will acquire 75.46 million shares. As of December 31, 2015, Uni-Power Group reported total assets of CNY 2.17 billion, net assets of 1.35 billion, operating revenue of CNY 261.85 million, and net loss of CNY 7.23 million. The transaction was approved by the board of directors of Meidu Holding Co., Ltd on December 4, 2016. Ningbo Xinda Kaili Equity Partnership Enterprise (LP) cancelled the acquisition of 14.2% stake in Uni-Power Group Co., Ltd. from MeiDu Energy Corporation (SHSE:600175) on December 4, 2017.