POWERCHINA Kunming Engineering Corporation Limited agreed to acquire 88.94% in Yunnan Nanpan River Nuozu Hydropower Development Co., Ltd. and 84.18% in Yunnan Nanpan River Fenghuanggu Hydropower Development Co., Ltd. from Power Construction Corporation of China Ltd. (SHSE:601669) for approximately CNY 940 million on December 29, 2017. Stake in Yunnan Nanpan River Nuozu Hydropower Development Co., Ltd. will be acquired for CNY 292.8 million and Yunnan Nanpan River Fenghuanggu Hydropower Development Co., Ltd. will be acquired for CNY 649.8 million. The Board of Directors of Power Construction Corporation of China Ltd, parent of Powerchina Kunming Engineering Corporation Limited approved the deal unanimously.