Daheng New Epoch Technology Inc. (SHSE:600288) entered into an intent agreement to acquire remaining 99.3% stake in Taizhou Mingxin Microelectronics Co., Ltd. from Ningbo Mingxin Microelectronics Co., Ltd. for CNY 120 million on December 16, 2014. In related deals, Daheng New Epoch Technology Inc. (SHSE:600288) agreed to acquire remaining 27.05% stake in Ningbo Hualong Electronics Co., Ltd. from Ningbo Mingxin Microelectronics Co., Ltd. for CNY 49.5 million and Wu Jianlong will acquire 73% stake in Ningbo Mingxin Microelectronics Co., Ltd. from Daheng New Epoch Technology Inc. on December 16, 2014. The agreement is yet to be signed for the transaction. For the year ended December 31, 2013, Taizhou Mingxin Microelectronics had total assets of CNY 318.17 million, total liabilities of CNY 168.23 million, net assets of CNY 149.94 million, operating revenues of CNY 10.74 million and net profit of CNY 8.94 million. The transaction was approved by Board of Directors of Daheng New Epoch Technology on December 16, 2014.

Daheng New Epoch Technology Inc. (SHSE:600288) completed the acquisition of the remaining 99.3% stake in Taizhou Mingxin Microelectronics Co., Ltd. from Ningbo Mingxin Microelectronics Co., Ltd. on January 31, 2015.