China U-Ton Holdings Limited (SEHK:6168) entered into a memorandum of understanding to acquire Super Hydrogen Energy Company Limited on March 7, 2019. Under the memorandum of understanding , it is proposed that Super Hydrogen Energy inject part or all of its beneficial interests in the hydrogen energy patent projects as well as its PRC concession into the China U-Ton Holdings Limited in exchange for the shares of the China U-Ton and the China U-Ton to acquire the shares of Super Hydrogen Energy with part of its shares and cash as consideration. China U-Ton Holdings Limited (SEHK:6168) cancelled the acquisition of Super Hydrogen Energy Company Limited on March 7, 2020.