Sichuan Troy Information Technology Co., Ltd. (SZSE:300366) signed an agreement to acquire Guangzhou Bonson Info System Co., Ltd from Du Guangxiang, Du Yufu, Ye Ming, Chen Xiongwen and Zhang Wensheng for CNY 1.1 billion on April 28, 2016. Sichuan Troy Information Technology Co., Ltd will issue 19.19 million shares at CNY 46.88 per share and will pay cash of CNY 200 million as consideration. Sichuan Troy Information Technology Co., Ltd will issue 14.5 million to Du Guangxiang, 2.37 million to Du Yufu, 1.94 million to Ye Ming, 0.25 million to Chen Xiongwen and 0.17 million to Zhang Wensheng. Du Guangxiang will sell 75.36% stake for CNY 602.88 million and will receive CNY 452.16 million through issuance of 9.65 million shares and CNY 150.72 million in cash. Du Yufu will sell 12.32% stake for CNY 98.59 million and will receive CNY 73.94 million through issuance of 1.58 million shares and CNY 24.65 million in cash. Ye Ming will sell 10.11% stake for CNY 80.88 million and will receive CNY 60.66 million through issuance of 1.29 million shares and CNY 20.22 million in cash. Chen Xiongwen will sell 1.32% stake for CNY 10.59 million and will receive CNY 7.94 million through issuance of 0.17 million shares and CNY 2.65 million in cash. Zhang Wensheng will sell 0.88% stake for CNY 7.06 million and will receive CNY 5.29 million through issuance of 0.11 million shares and CNY 1.76 million in cash. Sichuan Troy Information Technology Co., Ltd will also issue shares to raise CNY 800 million and CNY 200 million of the proceeds shall be used to fund the cash consideration of the transaction. As of September 12, 2016, CNY 799 million will be issued by the Sichuan Troy Information Technology Co., Ltd. to five investors via private placement. Guangzhou Bonson Info System Co., Ltd reported total assets of CNY 132.45 million, total owner’s equity of CNY 70.15 million, revenues of CNY 53.72 million, operating profit of CNY 4.03 million and net profit of CNY 7.07 million in 2015. The transaction is subject to approval of shareholders’ of Sichuan Troy Information Technology Co., Ltd and CSRC. The Board of Sichuan Troy Information Technology Co., Ltd and shareholders’ of Guangzhou Bonson Info System Co., Ltd approved the transaction on April 28, 2016. As of May 30, 2016, the shareholders of Sichuan Troy Information Technology approved the transaction. As of September 23, 2016, China Securities Regulatory Commission approved the transaction. China Merchants Securities Co., Ltd. acted as the financial advisor, Grandway Law Offices acted as the legal advisor and Shinewing Certified Public Accountants acted as the accountant to Sichuan Troy Information Technology Co., Ltd. Sichuan Troy Information Technology Co., Ltd. (SZSE:300366) completed the acquisition of Guangzhou Bonson Info System Co., Ltd from Du Guangxiang, Du Yufu, Ye Ming, Chen Xiongwen and Zhang Wensheng on October 13, 2016.