Dalian Huarui Heavy Industry Group Co., LTD. (SZSE:002204) agreed to acquire Huarui Wind Power Technology (Dalian) Co., Ltd. from Sinovel Wind Group Co., Ltd. (SHSE:601558) for CNY 24.2 million on December 28, 2018. On January 25, 2019, the transaction has been approved by Dalian Huarui Heavy Industry Group Co., LTD. (SZSE:002204) Board and shareholders of Sinovel Wind Group Co., Ltd. (SHSE:601558). Sinovel Wind used the equity assets to settle the total debt of CNY 72.2 million to Dalian Huarui Heavy Industry Group.

Dalian Huarui Heavy Industry Group Co., LTD. (SZSE:002204) completed the acquisition of Huarui Wind Power Technology (Dalian) Co., Ltd. from Sinovel Wind Group Co., Ltd. (SHSE:601558) on April 23, 2019.