Fengyuan Green Energy Co., Ltd. and Jinan Runhe Venture Capital Partnership (Limited Partnership) signed an agreement to acquire 85% stake in Daqing Dumeng Huzhen Dairy Farm Wind Power Co., Ltd. from Ming Yang Smart Energy Group Limited (SHSE:601615) for approximately CNY 170 million on December 25, 2019. Under the terms of the transaction, Fengyuan Green will purchase 84.7462% of the equity of Daqing Dumeng Huzhen Dairy Farm for CNY 166.95 million and Jinan Runhe Venture Capital will purchase 0.2538% stake in Daqing Dumeng Huzhen Dairy Farm for CNY 0.5 million. In related transactions, Fengyuan Green Energy Co., Ltd. and Jinan Runhe Venture Capital Partnership (Limited Partnership) entered into an equity transfer agreement to acquire 85% stake in Daqing Zhongdan Ruihao Wind Power Generating Co., Ltd. for approximately CNY 110 million, Fengyuan Green Energy Co., Ltd. and Jinan Runhe Venture Capital Partnership (Limited Partnership) entered into an equity transfer agreement to acquire 85% stake in Daqing Dumeng Hujitumo Wind Power Co., Ltd. from Ming Yang Smart Energy Group Limited for approximately CNY 120 million and Fengyuan Green Energy Co., Ltd. and Jinan Runhe Venture Capital Partnership (Limited Partnership) entered into an equity transfer agreement to acquire 85% stake in Daqing Dumeng Dairy Farm Wind Power Co., Ltd from Ming Yang Smart Energy Group Limited for approximately CNY 160 million. As on December 31, 2018, Daqing Dumeng Huzhen Dairy Farm Wind Power had total assets of CNY 362.2 million, total revenue of CNY 41.96 million and net profit of CNY10.9 million.