Zhongyu Gas Holdings Limited (SEHK:3633) entered into an equity transfer agreement to acquire 10% stake in Puyang Tianrun Gas Co., Ltd and 89.5% stake in Zhengzhou Yizhiquan New Energy Co., Ltd for approximately CNY 110 million on September 12, 2019. In a related transaction, Zhongyu Gas Holdings Limited entered into an equity transfer agreement to acquire Puyang County Fengyuan Natural Gas Co., Ltd for CNY 36 million on September 12, 2019. The consideration will be funded by internal resources. Upon completion, Zhengzhou Yizhiquan and Puyang Tianrun Gas will become subsidiary of Zhongyu Gas Holdings Limited. The transaction can create synergies between the projects currently operated by Puyang Tianrun Gas Co., Ltd and the existing projects of Zhongyu Gas Holdings Limited. Zhongyu Gas Holdings Limited (SEHK:3633) cancelled the acquisition of 10% stake in Puyang Tianrun Gas Co., Ltd and 89.5% stake in Zhengzhou Yizhiquan New Energy Co., Ltd on September 12, 2020.