Leon Technology Co., Ltd. (SZSE:300603) signed an agreement to acquire Guangzhou Big One Internet Technology Co., Ltd from Jiangle County Ronglong Business Management Consulting Partnership Enterprise (Limited Partnership), Guangzhou Xinjusha Investment Enterprise (Limited Partnership), Wuxue Weixin Information Technology Partnership Enterprise (Limited Partnership) and Qian Chifeng for CNY 450 million on June 20, 2018. Under the terms, Leon Technology Co., Ltd will pay CNY 180 million in cash and issue 8.2 million shares as consideration shares. Qian Chifeng will receive 6.55 million shares as consideration shares for selling 24 million shares (48%), Jiangle County Ronglong Business Management Consulting Partnership Enterprise (Limited Partnership) and Guangzhou Xinjusha Investment Enterprise (Limited Partnership) will receive CNY 18 million each in cash and 0.82 million shares each as consideration shares for selling 5 million shares (10%) each and Wuxue Weixin Information Technology Partnership Enterprise (Limited Partnership) will receive CNY 144 million in cash for selling 16 million shares (32%). The cash consideration will be funded through raise supporting funds of not more than CNY 539.86 million by issuing shares to not more than 5 investors. Guangzhou Big One Internet Technology Co., Ltd reported total assets of CNY 130.6 million, net assets of CNY 53.6 million, revenue of CNY 145.44 million, operating profit of CNY 28.82 million and net profit of CNY 24.3 million as of December 31, 2017. The deal is subject to approval from the shareholders of Leon Technology Co., Ltd at the meeting and the China Securities Regulatory Commission. The transaction has been approved by the shareholders of Guangzhou Big One Internet Technology Co., Ltd at the meeting; approved by the Board of Directors of Leon Technology Co., Ltd at the 25th Meeting of the 2nd Directorate and approved by Jiangle County Ronglong Business Management Consulting Partnership Enterprise (Limited Partnership), Guangzhou Xinjusha Investment Enterprise (Limited Partnership), Wuxue Weixin Information Technology Partnership Enterprise (Limited Partnership) and Qian Chifeng Internal Decision-Making Institutions’ Approval. The transaction has been approved by the shareholders of Leon Technology at 2018 4th extraordinary general meeting held on September 13, 2018. As on November 29, 2018, the transaction has been approved by the China Securities Regulatory Commission 63rd M&A and reorganization committee. On December 29, 2018, Leon Technology Co., Ltd received the approval from the China Securities Regulatory Commission to issue shares to purchase assets and the collection of matching funds. Zhou Chi and Zou Yang of Western Securities Co.,Ltd. (SZSE:002673) acted as financial advisors, Chen Yingru and Duan Ruiqi of Xinjiang Baikun Yaxuan Law Firm acted as legal advisors, Wu Li and Wang Xia of Xigema Certified Public Accountants Co., Ltd and Huang Jijia and Yu Weiwei of Zhonghui Certified Public Accoutants Co., Ltd acted as accountants for Leon Technology Co., Ltd. Western Securities Co., Ltd and Haitong Securities Co., Ltd acted as Joint Lead Underwriters for Leon Technology Co., Ltd. Leon Technology Co., Ltd. (SZSE:300603) completed the acquisition of Guangzhou Big One Internet Technology Co., Ltd from Jiangle County Ronglong Business Management Consulting Partnership Enterprise (Limited Partnership), Guangzhou Xinjusha Investment Enterprise (Limited Partnership), Wuxue Weixin Information Technology Partnership Enterprise (Limited Partnership) and Qian Chifeng on January 10, 2019.