Addsino Co., Ltd. (SZSE:000547) signed an acquisition of assets through the issuance of shares framework agreement to acquire Aerospace Kaiyuan Technology Co., Ltd from Aerospace Kaiyuan Technology Co., Ltd, Beijing Aerospace Science and Industry Information Industry Investment Fund (Limited Partnership), Gongqing City Hangkeyuan Investment Management Center (Limited Partnership) and Leng Lixiong for approximately CNY 230 million on March 14, 2018. As on August 2, 2018, Addsino Co., Ltd. (SZSE:000547) signed an acquisition of assets through the issuance of shares agreement acquire Aerospace Kaiyuan Technology Co., Ltd from Aerospace Kaiyuan Technology Co., Ltd, Beijing Aerospace Science and Industry Information Industry Investment Fund (Limited Partnership), Gongqing City Hangkeyuan Investment Management Center (Limited Partnership) and Leng Lixiong for approximately CNY 150 million. Under the terms of the acquisition of assets through the issuance of shares framework agreement, Addsino Co., Ltd will issue 21.15 million consideration shares at an issue price of CNY 10.69 per share. Under the terms of the acquisition of assets through the issuance of shares agreement, Addsino Co., Ltd. will issue 21.16 million shares. In related transaction, Addsino Co., Ltd will acquire Nanjing Unary Information Technology Co., Ltd and 46% stake in Beijing Run Technology Co., Ltd from group of sellers. For the year ending December 31, 2017, Aerospace Kaiyuan Technology Co., Ltd reported total assets of CNY 191.8 million, net assets of CNY 118.1 million, revenue of CNY 146 million, operating profit of CNY 16.6 million and net profit of CNY 14.5 million. The transaction is subject to the state-owned assets management authority completing the filing of the evaluation report on the Addsino Co., Ltd’s shareholders’ equity; a second approval from the Board Of Directors of Addsino Co., Ltd; approval from the State-owned Assets Supervision and Administration Commission of the State Council; approval from approval from the National SME Shares Transfer System Co; approval from the shareholders of Addsino Co., Ltd at the general meeting and approval from the China Securities Regulatory Commission. On March 14, 2018, the transaction has been approved by the Board of Directors of Addsino Co., Ltd and China Aerospace Science and Industry Corporation Limited and approved by the Military Affairs Bureau's review of military affairs. On August 2, 2018, the transaction has been approved by the Board of Directors of Addsino Co., Ltd again. The transaction has been communicated with the State-owned Assets Supervision and Administration Commission of the State Council and confirmed in principle. The transaction has been approved by the shareholders of Aerospace Kaiyuan Technology Co., Ltd. and Beijing Run Technology Co., Ltd. on March 14, 2018. The transaction has obtained approval of National Defense Science and Industry Bureau’s Military Affairs Review. On August 27, 2018, the transaction was approved by the State-owned Assets Supervision and Administration Commission of the State Council. As of November 14, 2018, the transaction has been approved by the China Securities Regulatory Commission. Zeng Chun, Wang Yifei, Han Feike, Wei Tian and Wang Guanjie of CITIC Securities Company Limited (SHSE:600030) acted as financial advisors, Wang Guan and Tang Shi of Grandway Law Offices acted as legal advisors and Yuan Gangshan and Zuo Zhimin of Ruihua Certified Public Accountants, LLP acted as accountants toAddsino Co., Ltd.