Linzhou Heavy Machinery Group Co., Ltd. (SZSE:002535) signed a share transfer agreement to acquire 5.6% stake in Chengdu Tianke Precision Manufacturing Co. Ltd. from Liu Family for CNY 7 million on December 2, 2017. In related transaction, Linzhou Heavy Machinery Group Co., Ltd. signed a share transfer agreement to acquire 40.45% stake in Chengdu Tianke Precision Manufacturing Co. Ltd. from Beijing IRTOUCH Systems Co., Ltd. (SZSE:300282) for CNY 45 million and Linzhou Heavy Machinery Group will carry out a capital increase of CNY 25 million in Chengdu Tianke, of which, CNY2.10 million will be added as registered capital, the remaining CNY 22.90 million will be added as capital reserve on December 2, 2017. Post-acquisitions, Beijing IRTOUCH Systems Co., Ltd. will no longer hold any stake in Chengdu Tianke Precision Manufacturing Co. Ltd and Linzhou Heavy Machinery Group will own 55.04% stake in Chengdu Tianke Precision Manufacturing Co. Ltd. For the year ended December 31, 2016, Chengdu Tianke Precision Manufacturing Co. Ltd. had total assets of CNY 90.39 million, net assets of CNY 56.73 million, revenue of CNY 34.78 million and net profit of CNY 9.08 million. The deal is subject to the approval from Board of Directors and Shareholders of Linzhou Heavy Machinery Group Co., Ltd. Board of Linzhou Heavy Machinery Group Co., Ltd. approved the transaction on December 11, 2017. Shareholders of Linzhou Heavy Machinery Group Co., Ltd. approved the transaction on December 27, 2017. Linzhou Heavy Machinery Group Co., Ltd. (SZSE:002535) completed the acquisition of 5.6% stake in Chengdu Tianke Precision Manufacturing Co. Ltd. from Liu Family on January 20, 2018.