DHC Software Co., Ltd. (SZSE:002065) signed an agreement to acquire 51% stake in Beijing Wanxing Cutting-Edge Technology Development Co., Ltd from Lhasa Jinquan Asset Management Co., Ltd for approximately CNY 150 million on May 6, 2015. Beijing Wanxing Cutting-Edge Technology Development Co., Ltd reported total assets of CNY 15.86 million, net liabilities of CNY 4 million, revenues of CNY 3.22 million, operating loss of CNY 7.08 million and net loss of CNY 6.99 million in 2014. The transaction does not need the shareholders' approval. The transaction was approved by Board of DHC Software on May 6, 2015. DHC Software Co., Ltd. (SZSE:002065) cancelled the acquisition of 51% stake in Beijing Wanxing Cutting-Edge Technology Development Co., Ltd from Lhasa Jinquan Asset Management Co., Ltd for on May 6, 2016.