Shanghai Tongda Venture Capital Co., Ltd. (SHSE:600647) agreed to acquire Tibet Xianfeng Green Energy Environmental Technology from Chengdu Weiming Boya Equity Investment Fund Management Co., Ltd., Sichuan Mingxin Energy Group Co., Ltd., Wang Tao and Lu Zhonglan on August 1, 2022. As of December 31,2021, Tibet Xianfeng Green Energy Environmental Technology reported a Total revenue of CNY 404.1501 million, Total assets of CNY 749.7932, Net income of CNY 68.8526 million and Total Common equity of CNY 334.9086 million. The transaction is subject to approval by acquirer's board and shareholder.

The transaction is also subject to regulatory body. The board of directors of Shanghai Tongda Venture Capital approved the transaction on August 1.