China High-Speed Railway Technology Co., Ltd. (SZSE:000008) agreed to acquire Wuhan Leaddo Measuring & Control Technology Co., Ltd. from a group of sellers for approximately CNY 830 million on June 5, 2015. The group of sellers includes Shenzhen Tiantu Xingrui Venture Capital Co., Ltd., fund managed by Tiantu Capital Co., Ltd., Beijing Nanche Huasheng Venture Capital Enterprise (Limited Partnership), Wang Chunzheng, Huang Qinxue, Yang Benzhuan, Zhang Baojun, Liang Nengzhi, Xia Junjun, Wu Weigang, Chen Yiliang, Tang Yun, Wu Yuling, Xu Aiping, Cui Lihang, Han Jianqi, Yang Xiong, Yu Liping, Fang Yuntao, Yang Zhaojiang, Wang Yanhong, Zhou Haitian, Wang Yanwen, Zhang Cheng, Xia Changling, Zhang Ying, Cheng Jianping, Chen Weifeng, Pan Aiqiao, Ni Wei, Xie Bo and Li Bo. Under the terms, China High-Speed Railway Technology Co., Ltd. will pay CNY 339.4 million in cash and will issue 29.6 million shares at CNY 16.73 per share. Cheng Jianping, Ni Wei, Yang Zhaojiang and Han Jianqi will be receiving only cash consideration, rest all the sellers will be paid the consideration by a combination of cash and equity. The agreement was signed on June 12, 2015. In a related transaction, China High-Speed Railway agreed to acquire 90% stake in Beijing Jiaoda Microunion Tech. Co., Ltd. for CNY 1.4 billion. The transaction will be funded by China High-Speed Railway through the issue of shares at price of no less than CNY 19.35 to raise CNY 2.2 billion. An amount of CNY 1.7 billion will be used to pay the cash consideration of the deals.

China High-Speed Railway Technology Co., Ltd. reported total assets of CNY 288.7 million, net assets of CNY 178.7 million, revenues of CNY 167.4 million and net profit of CNY 43.7 million for the year ending December 31, 2014. The transaction is subject to approval of shareholders of China High-Speed Railway Technology, consummation of audit and the China Securities Regulatory Commission. As of June 13, 2015, the transaction was approved by the shareholders of Wuhan Leaddo Measuring & Control Technology Co., Ltd. and the Board of China High-Speed Railway Technology Co., Ltd. As on August 7, 2015, the transaction was approved by the shareholders of China High-Speed Railway Technology Co., Ltd. As on October 26, 2015, the transaction was approved by the China Securities Regulatory Commission. As of December 19, 2015, the number of shares to be issued as consideration was adjusted from 29.62 million shares to 88.87 million shares. Minsheng Securities Co., Ltd. acted as financial advisor, Tian Yuan Law Firm acted as legal advisor for China High-Speed Railway Technology Co., Ltd. BDO China Shu Lun Pan Certified Public Accountants LLP acted as accountant for Wuhan Leaddo Measuring & Control Technology.

China High-Speed Railway Technology Co., Ltd. (SZSE:000008) completed the acquisition of Wuhan Leaddo Measuring & Control Technology Co., Ltd. from a group of sellers on February 1, 2016. On June 5, 2015, Shenzhen Tiantu Xingrui Venture Capital implemented the required internal approvals, approving to participate in this transaction. On June 6, 2015, Wuhan Leaddo Measuring & Control Technology's shareholders' meeting approved this transaction. On June 12, 2015, the transaction was approved by Board of Directors of China High-Speed Railway Technology. On December 18, 2015, CSRC approved the transaction.