Lens Technology Co., Ltd. (SZSE:300433) entered into an agreement to acquire Meeca Technology (Taizhou) Co. Ltd. and Topo Technology (Taizhou) Co., Ltd. from Lyra International Co., Ltd. for $1.4 billion (CNY 9.9 billion) on August 18, 2020. The consideration will be fully paid in cash. Lens Technology will acquire 100% stakes in Meeca Technology and Topo Technology. Topo Technology (Taizhou) Co., Ltd reported total asset of CNY 5.5 billion and net assets of CNY 1.7 billion and Meeca Technology (Taizhou) Co. Ltd reported total assets of CNY 4.1 billion and net assets of CNY 1.6 billion. The transaction is subject to Lens Technology Co., Ltd shareholders approval, approval from relevant authorities. The transaction is approved by the Audit committee, Board of Catcher Technology Co., Ltd, parent of Lyra International Co., Ltd and also approved by the board of Lens Technology Co., Ltd. On October 5, 2020, the transaction is approved by shareholders of Catcher Technology Co., Ltd. The transaction is expected to close by the end of 2020. JPMorgan Chase & Co. (NYSE:JPM) acted as a financial advisor to Catcher Technology Co., Ltd., a parent of Lyra International Co., Ltd. Goldman Sachs acted as financial advisor for Lens Technology Co., Ltd.