Jiangxi Shuitou Investment Energy Development Co., Ltd. agreed to acquire Fenyi Luhui Photovoltaic Power Generation Co., Ltd. from ShenZhen Clou Electronics Co., Ltd. (SZSE:002121) for approximately CNY 110 million on March 28, 2017. Post-closing, ShenZhen Clou Electronics Co., Ltd. will no longer hold any stake in Fenyi Luhui Photovoltaic Power Generation Co., Ltd. Fenyi Luhui Photovoltaic Power Generation Co., Ltd. had unaudited total assets of CNY 487.27 million, net assets of CNY 89.99 million, revenues of CNY 0, operating loss of CNY 0.003 million and net loss of CNY 0.003 million. The transaction is approved by the Board of Directors of ShenZhen Clou Electronics Co., Ltd. The transaction does not require the approval from the stockholders of ShenZhen Clou Electronics Co., Ltd. Jiangxi Shuitou Investment Energy Development Co., Ltd. cancelled the acquisition of Fenyi Luhui Photovoltaic Power Generation Co., Ltd. from ShenZhen Clou Electronics Co., Ltd. (SZSE:002121) on March 28, 2018.