Shenyang Chengjian Smart Industrial Park Real Estate Development Co., Ltd. agreed to acquire 51% stake in Shenyang Huitian Real Estate Development Co., Ltd. from Shenyang Huitian Thermal Power Co.,Ltd (SZSE:000692) for CNY 91.4 million on December 24, 2018. Out of the consideration, CNY 27.5 million have already been paid as a guarantee to the transaction and will automatically be counted as part of the compensation’s payment after signing of the transfer agreement. The rest of the compensation will be paid within 3 days since signing of the agreement in one single installment. Shenyang Chengjian Smart Industrial Park Real Estate Development Co., Ltd. completed the acquisition of 51% stake in Shenyang Huitian Real Estate Development Co., Ltd. from Shenyang Huitian Thermal Power Co.,Ltd (SZSE:000692) on December 29, 2018. An equity transfer contract (including the debt repayment agreement) and a debt guarantee contract was signed and Shenyang Huitian Thermal Power Co.,Ltd obtained the transfer certificate and completed the industrial and commercial change registration. The consideration was received.