Dynagreen Environmental Protection Group Co., Ltd. (SEHK:1330) entered into Letter of intent to acquire 100% stake in Lanzhou Fengquan Environmental Protection Electric Power Co., Ltd. from Jiangsu Yongying Environmental Protection Technology Co., Ltd on February 18, 2023. As of August 16, 2023, the exclusivity period under the framework agreement was changed from five months from the date of signing the framework agreement into the period from the date of signing the Framework Agreement to December 31, 2023 by entering into supplemental agreement based on progress of due diligence and friendly negotiation.

Dynagreen Environmental Protection Group Co., Ltd. (SEHK:1330) cancelled the acquisition of 100% stake in Lanzhou Fengquan Environmental Protection Electric Power Co., Ltd. from Jiangsu Yongying Environmental Protection Technology Co., Ltd on January 16, 2024. Dynagreen Environmental Protection decided to terminate these acquisitions after friendly negotiation with the counterparties.