Jilin Jidian Green Energy Development Co., Ltd. agreed to acquire Tongyu Tongzhao New Energy Co., Ltd. from Sany Heavy Energy Co., Ltd. (SHSE:688349) for CNY 262.68 million on December 13, 2023. Tongyu Tongzhao New Energy Co., Ltd. reported total assets of CNY 710.73 million and net assets of 210.12 million on September 30, 2023. Sany Heavy Energy Co., Ltd. board of directors approved the transaction.

This transaction does not need to be submitted to the shareholders' meeting for review or other approval procedures.