Zhongshan Broad-Ocean Motor Co., Ltd. (SZSE:002249) entered into an agreement to acquire 14.58% stake in Shanghai Romodelling Energy Group Co., Ltd. from Ningbo Meishan Free Trade Port Area Huiqing Jingnuo Investment Partnership Enterprise, Ningbo Meishan Free Trade Port Area Luping Jingneng Investment Partnership Enterprise (LP), Ningbo Meishan Free Trade Port Area Jinglong Baoluo Investment Partnership Enterprise (LP) and Ningbo Meishan Free Trade Port Area Pengfan Zhibin Investment Partnership Enterprise (LP) for approximately CNY 260 million on June 30, 2019. Post completion, Zhongshan Broad-Ocean Motor Co., Ltd. will own 14.58% stake in Shanghai Romodelling Energy Group Co., Ltd. On June 30, 2019, the 2nd session of the Zhongshan Broad-Ocean Motor Co., Ltd.’s 5th directorate approved the
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