B-Soft Co., Ltd. (SZSE:300451) signed an agreement to acquire Hangzhou Botai Information Technology Service Co., Ltd. from Hangzhou Xinsu Investment Management Co., Ltd. and Hangzhou Tongsu Investment Management Co., Ltd. for CNY 1.3 billion on August 12, 2016. Under the terms, Hangzhou Xinsu Investment Management Co., Ltd. will receive CNY 57.4 million in cash and 27.7 million shares of B-Soft Co., Ltd. and Hangzhou Tongsu Investment Management Co., Ltd. will receive CNY 4.5 million in cash and 2.2 million shares of B-Soft Co., Ltd. The cash portion of the consideration will be financed from a private placement by B-Soft Co., Ltd. of CNY 81.9 million. For the year ended December 31, 2015, Hangzhou Botai Information Technology Service Co., Ltd. reported total assets of CNY 376.6 million, net assets of CNY 168.2 million, revenues of CNY 394.5 million, operating profit of CNY 105.9 million and net profit of CNY 92.9 million. The transaction is subject to approval from the shareholders of B-Soft Co., Ltd. and China Securities Regulatory Commission. The Board of Directors of B-Soft Co., Ltd. approved the transaction on August 12, 2016. The shareholders of B-Soft Co.,Ltd. approved the transaction on September 7, 2016. The Merger, Acquisition and Reorganization Examination Committee of Listed Companies of the China Securities Regulatory Commission approved the transaction on November 3, 2016. China Securities Regulatory Commission approved the transaction on December 21, 2016. Guoyuan Securities Company Limited (SZSE:000728) acted as a financial advisor, Tian Yuan Law Firm acted as a legal advisor and Pan-China Certified Public Accountants LLP acted as an accountant for B-Soft Co., Ltd.