Guoneng Rixin announced that the holding subsidiary Rixin Ganghua Smart Energy Co., Ltd. reached an agreement with Xiamen Ganghua Smart Energy Co., Ltd. to terminate the transaction to acquire 100% of the shares of Xiamen Ganghou Photovoltaic Co., Ltd. Previously, Nissin Hong Kong China planned to acquire Xiamen Port Energy Investment for 21.2616 million yuan, but since the payment conditions listed in the agreement were not met, the equity consideration was not paid. The company said that the cancellation of the agreement will help reduce the operational risk of related assets and will not have a significant adverse impact on the overall profit level and financial situation of the business.

Guoneng Rixin announced that the holding subsidiary Rixin Ganghua Smart Energy Co., Ltd. reached an agreement with Xiamen Ganghua Smart Energy Co., Ltd. to terminate the transaction to acquire 100% of the shares of Xiamen Ganghou Photovoltaic Co., Ltd. Previously, Nissin Hong Kong China planned to acquire Xiamen Port Energy Investment for 21.2616 million yuan, but since the payment conditions listed in the agreement were not met, the equity consideration was not paid. The company said that the cancellation of the agreement will help reduce the operational risk of related assets and will not have a significant adverse impact on the overall profit level and financial situation of the business.