Shuifa Energas Gas Co., Ltd. (SHSE:603318) agreed to acquire 51% stake in Caoxian Shuifa Qihang Gas Co., Ltd. from Shuifa Gas Group Co., Ltd. for CNY 46.6 million on December 19, 2023. As of July 31, 2023, Caoxian Shuifa Qihang Gas Co., Ltd. generated total assets of CNY 78.3 million and net assets of CNY 56.1 million. The transaction is approved by board of directors of Shuifa Energas Gas Co., Ltd.