Will Semiconductor Co., Ltd. (SHSE:603501) signed an agreement to acquire 42.27% stake in Beijing SuperPix Micro Technology Co., Ltd. from a group of sellers for approximately CNY 230 million on August 14, 2018. As consideration, Will Semiconductor Co., Ltd. will issue 6.9 million shares at a price of CNY 33.88 per share. In related transactions, Will Semiconductor Co., Ltd. also agreed to acquire 96.08% stake in Beijing Haowei Technology Co., Ltd. for CNY 14.5 billion and 79.93% stake in Beijing Shixinyuan Science + Technology Development Co., Ltd. for approximately CNY 250 million. Will Semiconductor CO., Ltd. will also issue shares to raise not more than CNY 2 billion. For the year ending December 31, 2017, Beijing SuperPix Micro Technology had revenues of CNY 460.1 million, operating loss of CNY 14.8 million and net loss of CNY 11.5 million. Beijing SuperPix Micro Technology had total assets of CNY 241.8 million and net assets of CNY 98 million. The deal is subject to approval from the shareholders of Will Semiconductor Co., Ltd. at the meeting; approval from the anti-monopoly bureau of the State Administration for Market Regulation; approval from China Securities Regulatory Commission and approval required for the Will Semiconductor convene another directorate meeting to review and approve the formal plan of this transaction after the completion of audit and appraisal works of the Beijing SuperPix Micro Technology Co., Ltd. The Board of Will Semiconductor Co., Ltd. approved the transaction in the 18th session of the 4th supervisory Board meeting convened on August 14, 2018. On November 30, 2018, the 33rd meeting of the 4th directorate of Will Semiconductor Co., Ltd. approved the transaction. On December 17, 2018, Will Semiconductor’s 4th special shareholders’ meeting approved the transaction. Guosen Securities Co., Ltd. (SZSE:002736) and Zhong De Securities Company Limited acted as financial advisors to Will Semiconductor Co., Ltd. Zhou Shijun, Wang Kun, and Cui Chengli of Tian Yuan Law Firm acted as legal advisors while Gao Jianbin and Xu Xing of PricewaterhouseCoopers Zhong Tian LLP along with Chen Hong and Dai Jinyan of BDO China SHU LUN PAN Certified Public Accountants LLP acted as accountants to Will Semiconductor. Lixin Certified Public Accountants (Special General Partnership) acted as accountant and Hou Wei of Sino-German Securities Co., Ltd. acted as financial adviser to Will Semiconductor Co., Ltd. (SHSE:603501) in the transaction.