Harbin Gong Da High-Tech Enterprise Development Co.,Ltd. (SHSE:600701) signed a letter of intent to acquire 74.3% stake in Wuxi Unicomp Technology Co., Ltd. on June 3, 2018. Under the terms of the transaction, Harbin Gong Da High-Tech Enterprise Development Co.,Ltd. will issue shares and pay cash as consideration. The agreement is yet to be signed. In a related deal, Harbin Gong Da High-Tech Enterprise Development Co.,Ltd. will acquire Jiangsu Hagong Yaoji Technology Co., Ltd. from Harbin Gongda Wisdom Factory Co., Ltd. The transaction is subject to pre-approval from the Ministry of Industry and Information Technology of the People’s Republic of China and approval from the shareholders of Harbin Gong Da High-Tech Enterprise Development Co.,Ltd. The transaction was approved by the Board of Harbin Gong Da High-Tech Enterprise Development Co.,Ltd. on June 4, 2018. Datong Securities Co., Ltd acted as financial advisor to Harbin Gong Da High-Tech Enterprise Development Co.,Ltd. Harbin Gong Da High-Tech Enterprise Development Co.,Ltd. (SHSE:600701) cancelled the acquisition of 74.3% stake in Wuxi Unicomp Technology Co., Ltd. on June 3, 2019.