Addsino Co., Ltd. (SZSE:000547) signed a framework agreement to acquire 46% stake in Beijing Run Technology Co., Ltd. from a group of sellers for CNY 1 billion on March 14, 2018. Addsino Co., Ltd. will issue 97.26 million shares at CNY 10.69 per share. On August 2, 2018, Addsino Co., Ltd. signed an agreement to acquire 43.34% stake in Beijing Run Technology Co., Ltd. from a group of sellers for approximately CNY 950 million. Addsino Co., Ltd. will issue 89.2 million shares as consideration. In related transactions, Addsino Co., Ltd. signed framework agreements to acquire 100% stake in Nanjing Unary Information Technology Co., Ltd. and Aerospace Kaiyuan Technology Co., Ltd. Addsino Co., Ltd. will also carry out a capital increase to raise CNY 800 million. Beijing Run Technology Co., Ltd. reported total assets of CNY 1.43 billion and net assets of CNY 362.11 million as at December 31, 2017. Beijing Run Technology Co., Ltd. reported revenues of CNY 961.09 million, operating profit of CNY 174.69 million and net profit of CNY 164.99 million in 2017. The transaction is subject to a second approval from the board of directors of Addsino Co., Ltd, approval of State-owned Assets Supervision and Administration Commission of the State Council, approval of shareholders of Addsino Co., Ltd. and approval of China Securities Regulatory Commission. The transaction has obtained approval of National Defense Science and Industry Bureau’s Military Affairs review, approval of Board of Directors of China Aerospace Science and Industry Corporation, confirmation of the State-owned Assets Supervision and Administration Commission of the State Council and its agreement in Principle and the state-owned Assets Supervision and Administration Commission of the State Council’s Filing of Beijing Run Technology Co., Ltd’s assessment reports. The shareholders of Beijing Run Technology Co., Ltd. approved the transaction. The Board of Directors of Addsino Co., Ltd. approved the transaction on March 14, 2018 and August 2, 2018. On August 27, 2018, State-owned Assets Supervision and Administration Commission of the State Council approved the transaction. On November 14, 2018, the transaction was 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 the financial advisors, Wang Guan and Tang Shi of Grandway Law Offices acted as the legal advisors and Yuan Gangshan and Zuo Zhimin of Ruihua Certified Public Accountants, LLP acted as the accountants to Addsino Co., Ltd. Addsino Co., Ltd. (SZSE:000547) completed the acquisition of 43.34% stake in Beijing Run Technology Co., Ltd. from a group of sellers on December 3, 2018.