Malipo County Runhong Hydropower Co., Ltd. Equity Transfer AgreementEquity Transfer Agreement • June 26th, 2009 • ZHAOHENG HYDROPOWER Co • Electric services
Party A is currently the only shareholder of Yunnan Province, Malipo County Runhong Hydropower Co., Ltd. (“Runhong”), holding 100% of the shares of Runhong, which is a limited liability company established in accordance with the PRC laws and regulations. Runhong has a registered capital of 10.5 million RMB and is primarily engaged in the development and operation of hydropower stations at Nawang River with total designed installed capacity of 6.6MW. The installed capacity of Cascade I station is 1.6 MW and the installed capacity of Cascade II station is 5 MW.
Wenshan Huayi Energy Co., Ltd. Equity Transfer Agreement (this “Agreement”)Equity Transfer Agreement • June 26th, 2009 • ZHAOHENG HYDROPOWER Co • Electric services
Party A is one of the shareholders of Wenshan Huayi Energy Co., Ltd. (“Huayi”), a company with limited liabilities duly incorporated in accordance with PRC laws and regulations. Huayi, with a registered capital of RMB60 million, is engaged in the operation and development of hydropower stations and owns 2×20MW Mangun Cascade V station in Malipo county of Yunnan Province. Currently, Huayi is owned by four shareholders, including Yunnan Hualian Xinyin Co., Ltd, which contributed RMB27.6 million to the registered capital and owns 46% equity interests of Huayi, Party A, which contributed RMB13.2 million to the registered capital and owns 22% equity interests of Huayi, Malipo Electric Co., Ltd, which contributed RMB10.2 million to the registered capital and owns 17% equity interests of Huayi, and Xuezhang Wang from Wenshan State Design Institute of Water Conservancy & Hydro-Electric Power contributed RMB9 million to the registered capital and owns 15% equity interests of Huayi.
