Wuxi Huaguang Environment & Energy Group Co., Ltd. (SHSE:600475) signed the equity purchase agreement to acquire a 58.25% stake in CMEC Guolian Wuxi New Energy Development Co., Ltd. from Wuxi Guolian Industry Investment Group Co., Ltd. for CNY 300 million on December 27, 2021. The consideration will be paid in cash. The total assets, net assets, operating income and net profit of CMEC Guolian Wuxi were CNY 2004.09 million, CNY 853.89 million, CNY 192.92 million and CNY 59.32 million, respectively, for the period ended September 30, 2021. The transaction was approved by the board of director and supervisors of Wuxi Huaguang Environment. The transaction has been approved by the Wuxi State-owned Assets Supervision and Administration Commission.

Wuxi Huaguang Environment & Energy Group Co., Ltd. (SHSE:600475) completed the acquisition of 58.25% stake in CMEC Guolian Wuxi New Energy Development Co., Ltd. from Wuxi Guolian Industry Investment Group Co., Ltd. on December 31, 2021.