Ningbo Tongshang Group Co.,Ltd. agreed to acquire 60% stake in Ningbo Ningneng Power Sales Co., Ltd. from Ningbo Energy Group Co.,Ltd. (SHSE:600982) for CNY 138.3923 million on December 21, 2022. As of October 31, 2022, Ningbo Ningneng Power Sales reported total assets of CNY 213.0528 million, and net assets of CNY 204.4418 million. Ningbo Energy Group Co.,Ltd. board approved the transaction.