Shenzhen Xinguodu Technology Co. Ltd. (SZSE:300130) agreed to acquire Shenzhen FTX Technology Co., Ltd. from Tang Keyun, Zhang Bo, Chen Jianfeng, Du Zhanyang, Guo Yanyan, Zhou Yang, Li Xiuwen, Lin Huarun, Luo Weiyan, Sun Huang, Zhang Chunhong, Chen Lanfang, Shenzhen Linglingwu Technology Co., Ltd. and Shenzhen Zengame Technology Co., Ltd for approximately CNY 860 million in cash and stock on February 19, 2014. Shenzhen Xinguodu Technology will pay CNY 280 million in cash and will issue 37.7 million shares of its common stock. The cash portion will be financed through a private placement of 18.9 million shares. Shenzhen Xinguodu Technology Co. Ltd. is acquiring 51.8% stake in Shenzhen FTX Technology Co., Ltd. from Tang Keyun and paying 29.3 million shares in consideration, acquiring 2.72% stake from Zhang Bo and paying CNY 11.4 million in cash and 0.8 million shares, acquiring 1.94% stake from Chen Jianfeng and paying CNY 8.9 million in cash and 0.5 million shares, acquiring 1.7% stake from Du Zhanyang and paying CNY 4.3 million in cash and 0.67 million shares, acquiring 1.7% stake from Du Zhanyang, Guo Yanyan, Zhou Yang, Li Xiuwen and Lin Huarun by paying CNY 4.3 million in cash and 0.67 million shares to each one of them, acquiring 0.3% stake from Luo Weiyan and paying CNY 2.54 million in cash, acquiring 0.27% stake from Sun Huang and paying CNY 1.15 million in cash and 0.08 million shares, acquiring 0.3% stake from Zhang Chunhong and paying CNY 0.26 million in cash and acquiring 0.02% stake from Chen Lanfang and paying CNY 0.16 million in cash.

Shenzhen FTX Technology had total assets of CNY 92.15 million, owners' equity of CNY 65.1 million, operating revenues of CNY 96.75 million, operating profit of CNY 34.15 million and net profit of CNY 34.58 million for the year ending December 31, 2014. The transaction is subject to approval from the Board of Directors of Shenzhen Xinguodu Technology Co. Ltd. and approval by shareholders of Shenzhen Xinguodu Technology Co. Ltd. and China Securities Regulatory Commission. On February 19, 2014 and August 18, 2014, Shenzhen FTX Technology's shareholders approved the transaction. The Directorate of Shenzhen Xinguodu Technology approved the transaction.

As of August 19, 2014, Shenzhen Xinguodu Technology Co. Ltd. (SZSE:300130) agreed to acquire Shenzhen FTX Technology Co., Ltd. from Tang Keyun, Zhang Bo, Chen Jianfeng, Du Zhanyang, Guo Yanyan, Zhou Yang, Li Xiuwen, Lin Huarun, Luo Weiyan, Sun Huang, Zhang Chunhong, Chen Lanfang, Shenzhen Linglingwu Technology Co., Ltd. and Shenzhen Zengame Technology Co., Ltd for CNY 1.3 billion in cash and stock. Shenzhen Xinguodu Technology will pay CNY 230 million in cash and will issue 31.6 million shares of its common stock. Shenzhen Xinguodu Technology will raise CNY 230 million through issue of shares to Liu Xiu, Liu Ya and Jiang Han. On August 19, 2014, the Directorate of Shenzhen Xinguodu Technology unanimously approved the transaction. Citic Securities Co., Ltd. acted as financial advisor to Shenzhen Xinguodu Technology Co. Ltd. Zhong Lun Law Firm acted as legal advisor for Shenzhen Xinguodu Technology. As of September 4, 2014, Shenzhen Xinguodu Technology Co. Ltd's shareholders approved the transaction.

Shenzhen Xinguodu Technology Co. Ltd. (SZSE:300130) cancelled the acquisition of Shenzhen FTX Technology Co., Ltd. from Tang Keyun, Zhang Bo, Chen Jianfeng, Du Zhanyang, Guo Yanyan, Zhou Yang, Li Xiuwen, Lin Huarun, Luo Weiyan, Sun Huang, Zhang Chunhong, Chen Lanfang, Shenzhen Linglingwu Technology Co., Ltd. and Shenzhen Zengame Technology Co., Ltd on February 19, 2015.