[ET Net News Agency, 3 November 2021] Kong Sun Holdings Limited (00295) said Kong Sun
Yongtai and Xinjiang Chengshi, wholly-owned subsidiaries of the company, the purchaser and
the project companies entered into the disposal agreements, pursuant to which Kong Sun
Yongtai or Xinjiang Chengshi (as the case may be) conditionally agreed to sell its
respective entire equity interests in the project companies (which hold in total seven
solar power projects in the PRC) to the purchaser for a total consideration of
approximately RMB242,130,000.
The purchaser is Xinhua Electricity Development Investment Limited. (RC)