Kaiser (China) Holding Co., Ltd agreed to acquire Sichuan Tianshang Youjia Network Technology Co., Ltd. from He Xiaowei, Zhang Qiang, Liu Ziming, Di Zhiwei, Din Chenling and Shenzhen IER Venture Capital Co., Ltd for CNY 1.2 billion in cash and stock on September 7, 2015. Under the terms of the acquisition, Kaiser (China) Holding Co Ltd will issue 45.56 million shares at a price of CNY 16 per share and pay approximately CNY 490 million in cash. He Xiaowei will sell 31.18% stake for CNY 407.4 million and will receive CNY 268.1 million in stock and CNY 139.3 million in cash, Zhang Qiang will sell 24.03% stake for CNY 313.98 million and will receive CNY 206.62 million in stock and CNY 107.35 million in cash, Liu Ziming will sell 17.86% stake for CNY 217 million and will receive CNY 130.2 million in stock and CNY 86.8 million in cash, Di Zhiwei will sell 14.43% stake for CNY 188.54 million and will receive CNY 124.08 million in stock and CNY 64.47 million in cash, Din Chenling will sell 2.22% stake for CNY 15.6 million in cash and Shenzhen IER Venture Capital Co., Ltd. will sell 10.28% stake for CNY 72.4 million in cash. Kaiser (China) will issue up to 36.29 million shares at no less than CNY 17.11 per share to raise up to CNY 621 million, for cash payment of the transaction. The net proceeds for the transaction is is CNY 591.2 million after deducting brokerage commission and issuance expenses Sichuan Tianshang Youjia Network Technology Co., Ltd reported total assets of CNY 14.82 million, total liabilities of CNY 5.94 million, total owner’s equity of CNY 8.88 million, revenue of CNY 17.98 million, operating profit of CNY 2.11 million, total profit of CNY 2.14 million and net profit of CNY 1.72 million in 2014. The transaction is subject to approval of shareholders of Kaiser (China) Holding and approval of China Securities Regulatory Commission. The shareholders of Kaiser (China) Holding Co., Ltd. approved the transaction and the signing of a share purchase agreement for the deal on September 22, 2015. On September 1, 2015, Kaiser (China) Holding held the 16th session of its 5th directorate and approved the transaction. On February 2, 2016, CSRC approved the transaction. Zheshang Securities Co., Ltd. acted as the financial advisor, Grandway Law Offices acted as the legal advisor and Ruihua Certified Pubilic Accountants (Special General Partnership) acted as the accountant to Kaiser (China) Holding Co., Ltd. Kaiser (China) Holding Co., Ltd completed the acquisition of Sichuan Tianshang Youjia Network Technology Co., Ltd. from He Xiaowei, Zhang Qiang, Liu Ziming, Di Zhiwei, Din Chenling and Shenzhen IER Venture Capital Co., Ltd on May 17, 2016.