Bao Shuping, Chief Executive Officer and President of Shanghai Hyron Software Co., Ltd., along with group of investors made a tender offer to acquire an additional 43.16% stake in Shanghai Hyron Software Co., Ltd. (SZSE:002195) from Shanghai JTU Information Investment Co., Ltd., Omron (china) Co.,Ltd. and other shareholders for approximately CNY 740 million on December 20, 2013. Under the terms of offer, Bao Shuping offered CNY 15.06 per each share for 48.94 million shares of Shanghai Hyron Software. The investor group comprises of Tang Changjun, Yao Gang, Zhou Cheng, Li Jian, Lu Qing, Pan Shilei, Yang Xiaoming, Jin Jing, Li Bin, Wang Hongxiang, Ding Guojun, Cheng Zhong, Wang Gang, Liu Qing, Li Haiying, Li Jing, Shen Bin, Wang Bin, Li Zhiqing, Cheng Ji, Zhang Hong, Jiang Weicheng, Dong Liang, Liu Xiaomin, Zhang Jingwei, Zheng Kai, Liu Yemei, Yao Bin, Lu Nianjiu, Shen Longgen, Zhu Xiaodong, Guo Weizhong, Li Xiangyu, Wang Yi, Yan Xiaoyue, Yin Jian and Shanghai Gude Investment Consulting Co., Ltd.

Post acquisition, Bao Shuping will hold approximately 47% stake in Shanghai Hyron Software and Bao Shuping and persons acting in concern will hold up to 70% stake.

The tender offer is pending for further approval from China Securities Regulatory Commission authorities. Board of Directors of Shanghai Hyron Software unanimously approved the transaction on February 19, 2014. As on February 28, 2014, the shares can be tendered from April 8, 2014 to May 7, 2014. The transaction received Ministry of Finance and the Ministry of Education official approvals on April 11, 2014. Guangzhou Securities Co., Ltd. acted as financial advisor and Allbright Law Offices acted as legal advisor for Shanghai Hyron Software Co., Ltd., Shanghai Gude Investment Consulting Co., Ltd and group of investors.