Sinoma Science & Technology Co., Ltd. (SZSE:002080) and Sinoma Science and Technology (Suzhou) Technology Research Institute Co., Ltd. signed a stake transfer agreement to acquire additional 8.4% stake in Sinomatech Wind Power Blade Co.,Ltd from GoldWind Investment Holdings Co., Ltd. for approximately CNY 190 million on February 23, 2016. Under the terms of the agreement Sinoma Science & Technology will acquires 33.3 million shares for CNY 174.2 million and Sinoma Science and Technology (Suzhou) Technology Research Institute will acquire 3.8 million shares for CNY 20 million. After completion of the acquisition Sinoma Science & Technology will hold 99.1% stake in Sinomatech Wind Power and Sinoma Science and Technology (Suzhou) Technology Research Institute will hold 0.87% stake in Sinomatech Wind Power Blade Co.

The transaction has been approved unanimously by the Board of Directors of Sinoma Science & Technology Co. on February 23, 2016.