Hezhan Energy announced that the company plans to sell 100% of the shares in Jieyuan Wind Power, a second-tier wholly-owned subsidiary. Beijing Hezhan, a wholly-owned subsidiary, has signed an “Equity Transfer Agreement” with Zhuhai Gangsheng, with a transfer price of RMB 94.62 million; the transaction has been reviewed and approved by the 2nd meeting of the 13th board of directors of the company. The agreement still needs to be uploaded to the Guangdong State-funded Enterprise Property Management Information System and will take effect after relevant approval.

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