Shenzhen Ruiyuan Energy Storage Venture Capital Partnership (Limited Partnership) agreed to acquire 99.99% stake in Shenzhen Lurun Energy Co., Ltd. from Shenzhen Clou Electronics Co., Ltd. (SZSE:002121) for approximately CNY 100 million on April 22, 2019. After the equity transfer is completed, Shenzhen Clou Electronics Co., Ltd. (SZSE:002121) will hold 0.01% of Shenzhen Lurun Energy Co., Ltd. As of December 31, 2018, Shenzhen Lurun Energy Co., Ltd. total assets were CNY 30 million, and net assets were CNY 30 million. In 2018, it realized revenue of CNY 0, operating loss of CNY 1,319.98, and net loss of CNY 1,319.98. Transaction was approved by 3rd meeting of the 7th directorate of Shenzhen Clou Electronics Co., Ltd. Shenzhen Ruiyuan Energy Storage Venture Capital Partnership (Limited Partnership) cancelled the acquisition of 99.99% stake in Shenzhen Lurun Energy Co., Ltd. from Shenzhen Clou Electronics Co., Ltd. (SZSE:002121) on April 22, 2020.