Nanfang Ventilator Co., Ltd. (SZSE:300004) agreed to acquire Zhongxing Energy Equipment Co Ltd from a consortium of 21 sellers for CNY 1.9 billion in cash and stock on December 31, 2013. Nanfang Ventilator will pay cash of CNY 266.57 million and issue 52.54 million shares at CNY 31.47 per share to shareholders of Zhongxing Energy Equipment. The seller consortium consists of Qiu Yunlong, Chen Weiping, Sun Zhenping, Jiang Zhijun, Shanghai Guorun Investment Development Co., Ltd., Zhejiang Fuguo Jinxi Venture Capital Partnership (Limited Partnership), Zhu Weifei, Mao Hongzhong, Wang Yafang, Jiang Zhe, Zhang Weixing, Zhu Xiuren, Zhu Weihong, Fan Yuesheng, Shi Yongsheng, Ni Fengfang, Zhu Hongsheng, Yang Yongxin, Lu Maokang, Cai Jianchang and Chen Juan. Nanfang Ventilator will issue up to 14.12 million shares at the price of CNY 28.33 per share to raise up to 25% of the acquisition price for the deal. As of January 15, 2014, the transaction is approved by the shareholders of Nanfang Ventilator. On May 23, 2014, Nanfang Ventilator received China Securities Regulatory Commission's approval to issue shares as consideration. Kingson Law Firm acted as legal advisor for Nanfang Ventilator. China International Capital Corporation Limited acted as financial advisor and Guangdong Zhengzhong Zhujiang Certified Public Accountants acted as accountant for Nanfang Ventilator.

Nanfang Ventilator Co., Ltd. (SZSE:300004) completed the acquisition of Zhongxing Energy Equipment Co Ltd from a consortium of 21 sellers on June 23, 2014.