Jiangxi Lianchuang Optoelectronic Science And Technology Co., Ltd. (SHSE:600363) agreed to acquire 65% stake in Nanjing Hanen Animation & Game Co., Ltd. from a group of sellers for approximately CNY 560 million in cash and stock on May 20, 2016. Jiangxi Lianchuang Optoelectronic Science And Technology will pay cash of CNY 163.8 million and issue 23.9 million shares as consideration. As of December 31, 2015, Nanjing Hanen Animation & Game had total assets of CNY 256.5 million, net assets of CNY 161.57 million, revenue of CNY 168.97 million, operating profit of CNY 55 million and net profit of CNY 41.38 million. The transaction is subject to shareholders’ approval of Jiangxi Lianchuang Optoelectronic Science And Technology and CSRC’s approval. The transaction was approved by the Board of Directors of Jiangxi Lianchuang Optoelectronic Science And Technology Co., Ltd. at the 24th session of 6th directorate meeting on May 20, 2016. Haitong Securities Co., Ltd. and Guotai Junan Securities Co., Ltd. acted as financial advisors for Jiangxi Lianchuang Optoelectronic Science And Technology.