DHC Software Co., Ltd. (SZSE:002065) agreed to acquire Jiangsu Qunli Century Investment Development Co., Ltd from Mei Lin and Mei Li for CNY 850 million in cash and stock on May 10, 2016. In related transactions, DHC Software agreed to acquire 70% stake in Unite Win for approximately CNY 410 million and DHC Software agreed to acquire Cloud Vision Networks Technology Corporation for approximately CNY 590 million. Mei Lin will receive 376 million cash and 8.3 million in shares. Mei Li will receive 14 million in shares. DHC Software plans to raise supporting funds of not more than CNY 858 million by private placement including participation from not more than 10 designated investors and a portion of the proceeds will be used to fund acquisition. Of this amount, not more than approximately CNY 818.63 million will be used to pay the cash consideration for the acquisition. Jiangsu Qunli Century Investment reported for year ending December 31, 2015, total assets of CNY 270 million, total liabilities of CNY 165 million, total equity of CNY 105 million, revenues of CNY 418 million, operating profit of CNY 47.3 million and net profit of CNY 37.7 million. Approval from shareholders of Qunli Investment is received on May 10, 2016. The transaction is still subject to another approval from DHC Software’s Board of Directors regarding the plan after completion of audit and assessment related work, approval from DHC Software’s shareholders, antitrust review and approval to implement concentration of undertakings from the Ministry of Commerce and approval from the Merger, Acquisition, and Reorganization Examination Committee of the China Securities Regulatory Commission and approval from China Securities Regulatory Commission. DHC Software Co., Ltd. (SZSE:002065) cancelled the acquisition of Jiangsu Qunli Century Investment Development Co., Ltd from Mei Lin and Mei Li on May 10, 2017.