Wintime Energy Co.,Ltd. (SHSE:600157) signed a share transfer framework agreement to acquire 44.75% stake in Xuzhou Chacheng Power Co., Ltd. from Jiangsu Provincial Energy Investment Co., Ltd. for approximately CNY 400 million in cash on May 8, 2015. Xuzhou Chacheng Power Co., Ltd. reported total assets of CNY 840.46 million, total shareholder’s equity of CNY 572.46 million, revenue of CNY 813.97 million and net profit of CNY 137.83 million for the year ended December 31, 2014. The deal was approved by the Chairman of the Board of Wintime Energy. Wintime Energy Co.,Ltd. (SHSE:600157) cancelled the acquisition of 44.75% stake in Xuzhou Chacheng Power Co., Ltd. from Jiangsu Provincial Energy Investment Co., Ltd. on May 8, 2016.