Haimo Technologies Group Corp. (SZSE:300084) entered into an agreement to acquire additional 57.2% stake in Xi'An Sitan Instruments Co., Ltd. from 38 shareholders for approximately CNY 460 million on September 27, 2017. Upon completion, Haimo Technologies Group Corp. will hold 85.01% stake in Xi'An Sitan Instruments Co., Ltd. For the year ended December 31, 2016, Xi'An Sitan Instruments Co., Ltd. reported total assets of CNY 672.95 million, net assets of CNY 550.01 million, revenue of CNY 228.86 million, operating profit of CNY 69.43 million, and net profit of CNY 75.51 million. The transaction is subject to shareholders approval of Haimo Technologies Group Corp. and other necessary approvals. The transaction has been approved by the shareholders of Xi’an Sitan Electronic Technology Co., Ltd. on September 25, 2017, by the executive partner of Shenzhen Lihe Chuangying Equity Investment Fund Partnership Enterprise (Limited Partnership) on September 25, 2017, by the investment decision-making committee of Suzhou Xinlin II Venture Capital Enterprise (Limited Partnership) on September 21, 2017, by the executive partner of Wuxi Lihe Qingyuan Venture Capital Partnership Enterprise (Limited Partnership) on September 25, 2017, by the partners of Shaanxi Jinghan Investment Management Partnership Enterprise (Limited Partnership) on September 25, 2017, and by the 5th directorate of 35th meeting of Haimo Technologies Group Corp. on September 27, 2017. Sinolink Securities Co., Ltd. acted as financial advisor, Llinks Law Offices acted as legal advisor, and Ruihua Certified Public Accountants (Special General Partnership) acted as an accountant to Haimo Technologies Group Corp.