Longyuan Power: intends to acquire 51% of Guohua Cangzhou's equity for RMB 339.408 million.

Longyuan Power announcement, its wholly-owned subsidiary Inner Mongolia Longyuan New Energy Development Co., Ltd. intends to acquire 51% of the equity of Guohua Comprehensive Energy Co., Ltd. held by Guohua Energy Investment Co., Ltd. After deliberation and approval by the board of directors, it was agreed that Inner Mongolia Longyuan would acquire the target equity through a non-public transfer agreement at a price of 33.9408 million yuan. After the completion of this transaction, Guohua Cangzhou will become a subsidiary of Longyuan Power. The purpose of this transaction is to promote the demonstration project of large-scale wind-solar base hydrogen synergy, expand the company's business layout in new energy and strategic emerging industries, and enhance its core competitiveness.