Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd. (SZSE:002167) signed a letter of intent to acquire Hainan Wensheng New Material Technology Co., Ltd. from Dong Wen and other shareholders on February 17, 2014. The transaction has been approved by Board of Directors of Guangdong Orient Zirconic Ind Sci & Tech Co., Ltd. on February 24, 2014.