Jiangsu Yoke Technology Co., Ltd. (SZSE:002409) agreed to acquire Zhejiang Huafei Electronic Substrates Co., Ltd. from Li Wen, Zheng Jieying, Huzhou Huafei Investment Management Partnership (Limited Partnership), Ao Zhou and Xu Ziying for approximately CNY 200 million in cash and stock on February 3, 2016. Jiangsu Yoke Technology Co.,Ltd. signed an agreement to acquire Zhejiang Huafei Electronic Substrates Co., Ltd. from Li Wen, Zheng Jieying, Huzhou Huafei Investment Management Partnership (Limited Partnership), Ao Zhou and Xu Ziying on February 4, 2016. As consideration, Jiangsu Yoke Technology will pay CNY 70 million in cash and will issue 5.56 million shares at CNY 23.39 per share. As of December 31, 2015, Zhejiang Huafei Electronic Substrates had total assets of CNY 85.88 million, net assets of CNY 46.26 million, revenues of CNY 84.06 million, operating profit of CNY 4.56 million and net profit of CNY 1.75 million. The transaction is subject to approval from the shareholders of Jiangsu Yoke Technology, another Directorate meeting of Jiangsu Yoke Technology, approval from the China Securities Regulatory Commission’s Merger, Acquisition and Reorganization Examination Committee and the approval of the China Securities Regulatory Commission. The shareholders of Zhejiang Huafei Electronic Substrates Co., Ltd. approved the transaction on February 3, 2016. The transaction was approved by the Board of Jiangsu Yoke Technology on February 4, 2016. As of June 15, 2016, the number of shares issued as consideration has been amended to 11.19 million. As of September 27, 2016, the transaction has been approved by the Merger, Acquisition and Reorganization Examination Committee of Listed Companies of the China Securities Regulatory Commission. As on November 18, 2016, CSRC approved the deal. Dongxing Securities Co., Ltd. acted as a financial advisor, Grandall Law Firm acted as a legal advisor and Jiangsu Gongzheng Tianye Certified Public Accountants (Special General Partnership) acted as an accountant for Jiangsu Yoke Technology Co.,Ltd. Jiangsu Yoke Technology Co., Ltd. (SZSE:002409) completed the acquisition of Zhejiang Huafei Electronic Substrates Co., Ltd. from Li Wen, Zheng Jieying, Huzhou Huafei Investment Management Partnership (Limited Partnership), Ao Zhou and Xu Ziying on December 5, 2016.