Yueqing Juhua Equity Investment Partnership (Limited Partnership) acquired 28.37% stake Huayi Electric Company Limited from Huayi Group. Co., Ltd.

HUAYI ELECTRIC COMPANY LIMITED is principally engaged in four operation segments: Electrical Appliance, Wind Power, Environmental Protection and Financial Segment. Electrical Appliance segment provides a range of products into eleven categories, which includes medium-voltage switchgears, low-voltage switchgears, packaged substations, ring main units, packaged switching stations, load switches, circuit breakers, three-pole isolating switches, composite apparatuses, grounding switches and distribution automatic terminals. Wind Power segment is involved in the research and development, manufacture, and sale of wind turbines; the development, construction and operation of wind power stations; the Engineering Procurement Construction (EPC) services of wind power station projects and the consulting services of wind power technology. Environmental Protection segment provides a full-service of the waste water management. Financial segment provides micro and small loans.