Xinjiang East Universe (Group) Gas Co., Ltd. (SHSE:603706) entered into a share acquisition agreement to acquire Yili Weibo Heating Power Co., Ltd. from 17 individuals for approximately CNY 110 million on July 3, 2020. Yili Weibo Heating Power Co., Ltd. reported revenue of CNY 80.9 million, total assets of CNY 293.9 million, net profit of CNY 17.2 million and net assets of CNY 63.8 million as of December 31, 2019. The transaction is approved by the Board of Xinjiang East Universe (Group) Gas Co., Ltd.