Shenzhen Jufei Optoelectronics Co., Ltd. (SZSE:300303) signed a letter of intent to acquire Xionglian Industry Development (Shenzhen) Co., Ltd. from Hing Luen Hat Manufactory Limited for approximately CNY 140 million on January 7, 2013. Shenzhen Jufei Optoelectronics Co., Ltd. (SZSE:300303) signed an agreement to acquire Xionglian Industry Development (Shenzhen) Co., Ltd. on February 5, 2013. The transaction will be funded from excess proceeds and self-raised funds.