Fengyuan Green Energy Co., Ltd. and Jinan Runhe Venture Capital Partnership (Limited Partnership) signed an agreement to acquire 85% in Daqing Dumeng Hujitumo Wind Power Co., Ltd. from Ming Yang Smart Energy Group Limited (SHSE:601615) for approximately CNY 110 million on December 25, 2019. As per terms, 84.6% will be acquired by Fengyuan Green Energy Co., Ltd. and 0.4% by Jinan Runhe Venture Capital Partnership (Limited Partnership). In related transactions, agreements were signed by both the companies to acquire 85% stakes in Daqing Zhongdan Ruihao Wind Power Generating Co., Ltd., Daqing Dumeng Dairy Farm Wind Power Co., Ltd, and Daqing Dumeng Huzhen Dairy Farm Wind Power Co., Ltd. from Ming Yang Smart Energy Group Limited. For the year ended December 31, 2018, Daqing Dumeng Hujitumo Wind Power Co., Ltd. reported revenues of CNY 41.5 million, total assets of CNY 374.8 million, net income of CNY 9.1 million and net assets of CNY 155.5 million. The Board of Directors and Supervisors of Ming Yang Smart Energy Group Limited approved the transaction. The transaction does not require approval from shareholders. Fengyuan Green Energy Co., Ltd. and Jinan Runhe Venture Capital Partnership (Limited Partnership) cancelled the acquisition of 85% in Daqing Dumeng Hujitumo Wind Power Co., Ltd. from Ming Yang Smart Energy Group Limited (SHSE:601615) on December 25, 2020.