Xizi Clean Energy Equipment Manufacturing Co., Ltd. (SZSE:002534) entered into a letter of intent to acquire additional 10% stake in Hepu Energy Environmental Technology Co., Ltd. from Beijing E-Town International Investment & Development Co., Ltd. for CNY 136 million on June 30, 2022. Xizi Clean Energy Equipment Manufacturing Co., Ltd. (SZSE:002534) agreed to acquire additional 10% stake in Hepu Energy Environmental Technology Co., Ltd. from Beijing E-Town International Investment & Development Co., Ltd. for CNY 136 million on December 30, 2022. The consideration will be paid through self raised funds.

Hepu Energy recorded CNY 1.08 billion and net assets of CNY 549.77 million as of November 30, 2022.