Sumavision Technologies Co., Ltd. (SZSE:300079) agreed to acquire an additional 31% stake in Beijing Bohui Technology Co., Ltd. from eight individuals for CNY 52.7 million on June 16, 2014. Post transaction, Sumavision will own 51% stake in Beijing Bohui. Zheng Jinfu will sell 22.27% stake, Guo Zhongwu will sell 1.00% stake, Chen Heng will sell 1.00% stake, Han Fang will sell 1.67% stake, Wang Rongfang will sell 1.67% stake, Zhang Guanfu will sell 0.47% stake, Chai Zhenming will sell 2.07% stake, and Yang Guitong will sell 0.85% stake.

Sumavision Technologies Co., Ltd. will use its own fund for the acquisition. During the year ended December 31, 2013, Beijing Bohui Technology Co., Ltd. had total assets of CNY 150.91 million, total liabilities of CNY 28.05 million, total net assets of CNY 122.86 million, revenues of CNY 100.54 million, operating costs of CNY 34.61 million, total profit of CNY 18.55 million, and net profit of CNY 17.93 million.