DHC Software Co., Ltd. (SZSE:002065) agreed to acquire 70% stake in Unite Win from Zhou Hongyan, Wang Dan, Wei Kai and Feng Yongqiang for approximately CNY 410 million in cash and stock on June 3, 2016. DHC Software Co., Ltd. will issue 182.31 million cash and 10.85 million shares. Zhou Hongyan, Wang Dan, Wei Kai and Feng Yongqiang will sell 37.1%, 18.9%, 10.5% and 3.5% stake respectively. In a related transaction, DHC Software agreed to acquire Cloud Vision Networks Technology Corporation for approximately CNY 590 million and Jiangsu Qunli Times Science & Technology Development Co., Ltd for CNY 850 million. DHC Software will fund the acquisition through private placement of CNY 1.71 billion. On completion, Unite Win will become a holding subsidiary of DHC Software. During the year ended December 31, 2015, Unite Win had total assets of CNY 91.59 million, total equity of CNY 44.16 million, revenue of CNY 94.9 million, operating profit of CNY 36.84 million, and net profit of CNY 32.41 million. The deal is subject to approval by another approval by the Board of Directors of DHC Software, shareholders of DHC Software, antitrust review and approval to implement concentration of undertakings from the Ministry of Commerce, approval from the Merger, Acquisition, and Reorganization Examination Committee of the China Securities Regulatory Commission and approval from China Securities Regulatory Commission. The shareholders of Unite Win approved the deal on June 3, 2016 and the Board of Directors of DHC Software approved the deal on June 16, 2016. Huatai United Securities Co., Ltd. acted as independent financial advisor to DHC Software Co., Ltd.