Dalian Sunlight Machinery Co.,Ltd. (SZSE:002621) agreed to acquire Beijing Cardinal Education Consulting Co., Ltd from Huang Bin, Ma Jing, Zhao Peishuang, and Wu Nan for CNY 300 million on February 17, 2017. For the period ending December 31, 2016, Beijing Cardinal Education Consulting reported total assets of CNY 31.08 million, net assets of CNY 18.49 million, revenue of CNY 42.5 million, EBIT of CNY 12.81 million and net profit of CNY 8.16 million. The Board of Dalian Sunlight Machinery approved the deal.