DHI·DCW Group Co.,Ltd. signed the equity transfer agreement to acquire Sinovel Wind Power Technology (Jiangsu) Lingang Co., Ltd. from Sinovel Wind Group Co., Ltd. (SHSE:601558) for approximately CNY 310 million on August 9, 2019. As of November 12, 2019, the payment already made amounts to an equity transfer price of CNY 81.2 million. As of December 31, 2018, Sinovel Wind Power Technology reported total assets of CNY 296.4 million, net liability of CNY 100.4 million, revenue of CNY 17.6 million and net loss of CNY 25 million. The transaction is subject to approval of shareholders of Sinovel Wind Group and approval of the Dalian State-owned Assets Supervision and Administration Commission. DHI·DCW Group Co.,Ltd. cancelled the acquisition of Sinovel Wind Power Technology (Jiangsu) Lingang Co., Ltd. from Sinovel Wind Group Co., Ltd. (SHSE:601558) on August 9, 2020.