On August 11, 2021, China Energy Engineering Group Co., Ltd. (“ Energy China Group”, stock code: 03996.HK) merger by absorption through share swap of China Gezhouba Group Corporation ("CGGC", stock code: 600068) was approved by the M&A and Reorganization Committee of the CSRC. Jia Yuan acted as the legal counsel  for this absorption merger project, and provided professional legal sevices  for relevant legal issues involved in the project.

Energy China Group is a large leading and internationally advanced energy engineering conglomerate with a well-known brand in the power industry in China and globally. Jia Yuan also contributed to its initial public offering of H shares and listing in December 2015 on the main board of the Hong Kong stock exchange. After the listing of H shares, Energy China Group absorbed Gezhouba Group Corporation through share swap and becoming an  A+ H shares listed company. After this absorption, Energy China Group and CGGC will fully integrate its resources and release the business synergy, further enhancing the industry competitiveness and comprehensive service capacity. This is also the first deal of absorption and reorganization of listed companies of central enterprises after the three-year state-owned enterprise reform.

The team members of Jia Yuan that provided legal services to this absorption merger project includes YAN Yu (Fouding Partner), LI Li (Senior Partner), TAN Sijun  (Senior Partner), LV Dandan (Partner), QI Man, WANG Xiumiao, FU Hao, CAO ZHi, SU Yang, CHEN Guang, WANG Miao, BAI Han,ZHANG ZHimin, WU Zehao, WEI Qian, etc.