Hunan Boyun New Materials Co., Ltd. (SZSE:002297) agreed to acquire Youfin Auto Parts Co.,Ltd. from Hunan New Material Industry Venture Capital Funds (Limited Partnership), Xiantao Xiangtai Auto Parts Co., Ltd., Wuhan Anke Industrial Design Co., Ltd. and Shanghai Haitong Innovation Jincheng Investment Management Center (limited partnership) for CNY 600 million on January 4, 2017. Shanghai Haitong Innovation Jincheng Investment Management Center (limited partnership) will sell 55.4% stake and get CNY 332.4 million in cash and stock (16.4 million shares of Hunan Boyun New Materials Co., Ltd.), Wuhan Anke Industrial Design Co., Ltd. will sell 17.9% stake and get CNY 107.3 million in cash and stock (5.3 million shares of Hunan Boyun New Materials Co., Ltd.), Xiantao Xiangtai Auto Parts Co., Ltd. will sell 15.1% stake and get CNY 90.8 million in cash and stock (4.5 million shares of Hunan Boyun New Materials Co., Ltd.) and Hunan New Material Industry Venture Capital Funds (Limited Partnership) will sell 11.6% stake and get CNY 69.6 million in cash and stock (3.4 million shares of Hunan Boyun New Materials Co., Ltd.). Hunan Boyun New Materials Co., Ltd. will raise supporting funds of CNY 309 million to not more than 10 investors. Out of supporting funds of CNY 309 million, CNY 291 million for the cash payment of the above transaction and the remaining CNY 18 million for the intermediary fees. The transaction is subject to approval from the Ministry of Education, Ministry of Finance, National Defense Science and Technology Bureau, stockholders of Hunan Boyun New Materials Co., Ltd. and the China Securities Regulatory Commission. The transaction has received approval from the partners of Shanghai Haitong Innovation Jincheng Investment Management Center (limited partnership) and Hunan New Material Industry Venture Capital Funds (Limited Partnership), the stockholders of Wuhan Anke Industrial Design Co., Ltd. and Xiantao Xiangtai Auto Parts Co., Ltd. Hunan Boyun New Materials Co., Ltd. held its 3rd session of the 5th directorate and approved the transaction. Northeast Securities Co., Ltd. acted as the financial advisor for Hunan Boyun New Materials Co., Ltd. Hunan Boyun New Materials Co., Ltd. (SZSE:002297) cancelled the acquisition of Youfin Auto Parts Co.,Ltd. from Hunan New Material Industry Venture Capital Funds (Limited Partnership), Xiantao Xiangtai Auto Parts Co., Ltd., Wuhan Anke Industrial Design Co., Ltd. and Shanghai Haitong Innovation Jincheng Investment Management Center (limited partnership) on January 4, 2018.