MLS CO.,LTD. (SZSE:002745) agreed to acquire Hexie Mingxin (Yiwu) Optoelectronic Technology Co., Ltd. from Yiwu Hexie Mingxin Equity Investment Partnership Enterprise (Limited Partnership) and Hexie Zhuorui (Zhuhai) Investment Management Co., Ltd. for CNY 4 billion in October 2016. On March 30, 2017, the asset acquisition agreement was signed. Under the terms of the transaction, Yiwu Hexie Mingxin Equity Investment Partnership Enterprise (Limited Partnership) will receive CNY 1.25 billion in cash and 96.2 million shares whereas Hexie Zhuorui (Zhuhai) Investment Management Co., Ltd. will receive total of CNY 4 million in cash. As of September 29, 2017, the number of shares to be issued as consideration was increased from 96.2 million shares to 96.8 million shares. MLS Co., Ltd. plans to raise supporting funds of not more than CNY 1.3 billion by issuing shares to fund the acquisition. As of February 2, 2018, the funds to be raised through private placement will not be more than CNY 1.2 billion. As of December 31, 2016, Hexie Mingxin (Yiwu) Optoelectronic Technology Co., Ltd reported total assets of CNY 11.1 billion and net assets of CNY 3.5 billion. Hexie Mingxin (Yiwu) Optoelectronic Technology Co., Ltd reported revenues of CNY 15.2 billion and net loss of CNY 193.6 million in 2017. The transaction is subject to shareholders' approval of MLS Co., Ltd, overseas government agencies approval, the China Securities Regulatory Commission’s approval and the second approval from the Directorate of MLS Co., Ltd. In October 2016, the transaction gained the approval of Macedonia’s antimonopoly review body. In November 2016, the transaction gained the approval of Poland’s antimonopoly review body. In January 2017, the transaction gained the approval of Mexico’s antimonopoly review body and Germany’s Federal Ministry of Economic Affairs and Energy (BMWi). On March 29, 2017, the transaction was approved by shareholders of Hexie Mingxin (Yiwu) Optoelectronic Technology Co., Ltd and Hexie Zhuorui (Zhuhai) Investment Management Co., Ltd. Yiwu Hexie Mingxin Equity Investment Partnership Enterprise (Limited Partnership) held a partners meeting and approved the transaction on March 29, 2017. On March 30, 2017, MLS Co., Ltd held the 8th meeting of the 3rd directorate and approved the transaction. In June 2017, the transaction gained the approval of Germany’s antimonopoly review body and Russian Federation’s antimonopoly bureau. In July 2017, the transaction gained the approval of Turkey’s antimonopoly office and the US antimonopoly review waiting period ended, the US antimonopoly review body did not raise any objections during the waiting period. On September 29, 2017, partners of Yiwu Hexie Mingxin Equity Investment Partnership Enterprise (Limited Partnership), shareholders of Hexie Zhuorui (Zhuhai) Investment Management Co., Ltd. and shareholders of Hexie Mingxin (Yiwu) Optoelectronic Technology Co., Ltd. approved to sign the related agreement with MLS CO.,LTD. The Board of Directors of MLS CO.,LTD. approved the supplemental agreement on September 29, 2017. As of February 1, 2018, China Securities Regulatory Commission approved the transaction and issued administrative license to granting approval to MLS Co., Ltd. regarding share issuance towards Yiwu Hexie Mingxin Equity Investment Partnership Enterprise (Limited Partnership). Zhang Chang and Chen Chaoran of Huatai United Securities Co., Ltd. and Li Zhuqing and Wu Zhenni of Ping An Securities Company Ltd. acted as a financial advisors whereas Zou Xiaodong and Han Meiyun of AllBright Law Offices acted as legal advisors for MLS CO.,LTD. Zhang Liping and Liu Di of Ruihua Certified Public Accountants, LLP acted as accountants for MLS CO.,LTD. and Hexie Mingxin (Yiwu) Optoelectronic Technology Co., Ltd.