Sichuan Chengfei Integration Technology Corp. Ltd (SZSE:002190) agreed to acquire 87.86% stake in TJ Innova Engineering & Technology Co., Ltd. from 21 companies including a Shenzhen-based venture capital investment company and 36 individuals including Lei Yucheng for approximately CNY 540 million in cash and stock on January 12, 2013. Sichuan Chengfei Integration Technology will acquire 80.86% stakes in TJ Innova Engineering & Technology by the issuance of its 39.9 million A shares and 7% stake by making a cash payment of CNY 43.4 million.

25% of the purchase consideration will be financed with capital raise of CNY 167.11 million.