Shanxi Meijin Energy Co.,Ltd. (SZSE:000723) signed a share transfer agreement to acquire Shanxi Jintai Energy Saving Technology Co., Ltd. from Shanghai Tellhow Intelligent Energy-Saving Technology Co., Ltd. for CNY 20.5 million on December 15, 2015. As of December 31, 2014, Shanxi Jintai Energy Saving Technology Co., Ltd. reported total assets of CNY 327.73 million, net assets of CNY 17.13 million and net profit of CNY 0.76 million. The transaction was approved by the Board of Shanxi Meijin Energy Co.,Ltd.