Finsoft Financial Investment Holdings Limited (SEHK:8018) signed a share purchase agreement to acquire 1.61% stake in China Parenting Network Holdings Limited (SEHK:8361) from Perfect Growth Limited for HKD 42.9 million on September 27, 2016. Under the terms of the agreement, Finsoft will issue 186.5 million shares to acquire 16.53 million shares of China Parenting on completion. The transaction is subject to the approval of stock exchange for the issuance of new shares, approval of the shareholders of Finsoft and approval by shareholders of GET Holdings Limited, parent company of Perfect Growth Limited. Shareholders' meeting to approve the transaction will be held on December 12, 2016. The transaction is expected to close on December 31, 2016. As of December 12, 2016, the transaction was approved by the shareholders of Finsoft Financial Investment Holdings Limited.

Finsoft Financial Investment Holdings Limited (SEHK:8018) completed the acquisition of 1.61% stake in China Parenting Network Holdings Limited (SEHK:8361) from Perfect Growth Limited on December 16, 2016. All the conditions have been completed.