Sichuan New Energy Power Company Limited signed a share transfer agreement to acquire additional 10% stake in Sichuan Energy Wind Power Development Co., Ltd from Chengdu Mingyong Investment Co., Ltd. for approximately CNY 1.2 billion on January 19, 2023. This transaction is subject to be approved by the following: Sichuan New Energy Power Company Limited (SZSE:000155) shareholders? meeting and CSRC.

The transaction has been approved by China Securities Regulatory Commission. CITIC Securities Company Limited (SHSE:600030) acted as financial advisor, Grandway Law Offices acted as legal advisor and Pan-China Certified Public Accountants LLP acted as accountant to Sichuan New Energy Power Company Limited (SZSE:000155).