Ninghai Kibing Keyuan Enterprise Management Consulting Partnership Enterprise (Limited Partnership) agreed to acquire 13.749% stake in Hunan Kibing Solar Technology Co., Ltd. from Zhuzhou Kibing Group Co.,Ltd (SHSE:601636) for CNY 500 million on November 14, 2023. As of May 31, 2023, Kibing Solar?s total assets is CNY 9.5 billion net asset is CNY 3.44 billion. The transaction was approved by the 22nd session of the Zhuzhou Kibing Group Co.,Ltd 5th directorate.

This transaction still needs to be approved by the company?s shareholders? meeting.