Shenzhen Sunshine Laser & Electronics Technology Co., Ltd. (SZSE:300227) intends to purchase remaining 49% of Chengdu Tongyu Aviation Equipment Manufacturing Co., Ltd. from Chen Zhengyu, Yu Xiangming, Zhang Zhiyong, and Zhang Ji for approximately CNY 290 million on June 7, 2020. The total consideration for this transaction will be paid by issuing 25.8 million shares and paying cash of CNY 49 million. Chen Zhengyu will get CNY 31.6 million cash and 16.66 million shares, Yu Xiangming will get CNY 11.03 million cash and 5.8 million shares, Zhang Zhiyong will get CNY 3.9 million cash and 2.07 million shares and Zhang Ji will get CNY 2.5 million cash and 1.29 million shares. Pre-acquisition, Chen Zhengyu, Yu Xiangming, Zhang Zhiyong, and Zhang Ji holds 31.61%, 11.03%, 3.92% and 2.45% stake in Chengdu Tongyu Aviation Equipment Manufacturing Co., Ltd. respectively. Shenzhen Sunshine Laser & Electronics Technology Co., Ltd. plan to raise supporting funds of not more than CNY 196 million to fund the cash consideration for the transaction. As of December 31, 2019, Chengdu Tongyu Aviation Equipment Manufacturing Co., Ltd. has total assets of CNY 135.4 million, owners’ equity of CNY 74.2 million, revenue of CNY 74.9 million, operating profit of CNY 36.97 million and net profit of CNY 31.9 million. The transaction is subject to Shenzhen Sunshine Laser & Electronics Technology Co., Ltd. shareholders’ approval, The China Securities Regulatory Commission approval, Shenzhen Stock Exchange approval and other approvals. On June 8, 2020, Shenzhen Sunshine Laser & Electronics Technology Co., Ltd. held the twenty-fourth meeting of the fourth directorate and reviewed and approved the transaction. On August 14, 2020, Shenzhen Sunshine Laser & Electronics held a meeting of shareholders and transaction was reviewed and approved the proposal in meeting. On November 12, 2020, Shenzhen Sunshine Laser & Electronics received the approval from The China Securities Regulatory Commission. Tao Yongze of Huachuang Securities Co., Ltd. acted as financial advisor, Pu Hong, Song Yuhong and Chen Xuguang of Beijing Deheng Law Firm acted as legal advisor and Wang Shouyi and Wu Jiandong of BDO China Shu Lun Pan Certified Public Accountants acted as accountants for Shenzhen Sunshine Laser & Electronics Technology Co., Ltd.