Qingzhou Hongli Water Co.,Ltd agreed to acquire Shandong Haihua Shengxing Thermal Power Co., Ltd. from Shandong Haihua Co.,Ltd (SZSE:000822) for CNY 0.7187 million on September 1, 2022. Cash considerstion of CNY 0.7187 million will be paid within 10 working days from the date of signing the agreement. Transaction is approved by board of directors of Shandong Haihua.