China Energy Engineering Group Co., Ltd. signed a non-public agreement to acquire 10% stake of Lanpec Technologies Limited (SHSE:601798) from China National Machinery Industry Corporation on October 31, 2019. China Energy Engineering Group Co., Ltd. signed an agreement to acquire 10% stake in Lanpec Technologies Limited from China National Machinery Industry Corporation for approximately CNY 260 million on December 19, 2019. The offer per share is CNY 7.93. China Energy Engineering Group Co., Ltd. plans to use its own funds CNY 199.3 million and its shareholding in Shanghai Jirun Real Estate Co., Ltd (value of CNY 62.7 million) as the consideration. Pre deal, China Energy Engineering Group Co., Ltd. owned 41% stake and post completion of the deal, it will hold 51% stake in Lanpec Technologies Limited. Lanpec Technologies will closely monitor the progress of the transaction and fulfill its information disclosure obligations in accordance with relevant laws and regulations. China Energy Engineering Group Co., Ltd. completed the acquisition of 10% stake of Lanpec Technologies Limited (SHSE:601798) from China National Machinery Industry Corporation on March 13, 2020. After the acquisition, China Energy Engineering Group holds 51% stake and China National Machinery Industry holds 7.54% stake in Lanpec Technologies.