Shandong Zhongji Electrical Equipment Co., Ltd (SZSE:300308) agreed to acquire InnoLight Technology Corporation from consortium of sellers for CNY 2.8 billion on September 9, 2016. Under the terms of transaction, Shandong Zhongji Electrical Equipment will issue 206.64 million shares to acquire InnoLight Technology. On June 1, 2017, the deal terms revised. Shandong Zhongji Electrical Equipment Co., Ltd. will now acquire InnoLight Technology Corporation for CNY 7.2 billion by the issue 206.79 million shares. In related deal, Shandong Zhongji Electrical Equipment announced private placement of CNY 500 million to help fund the acquisition. As of September 9, 2016, Board of Shandong Zhongji Electrical Equipment Co., Ltd approved the transaction. As of November 24, 2016, shareholders of Shandong Zhongji Electrical Equipment Co., Ltd approved the transaction. As of March 8, 2017, the deal was conditionally approved by Merger, Acquisition and Reorganization Examination Committee of CSRC. As of May 22, 2017, the transaction was approved by the CSRC. GF Securities Co., Ltd. (SZSE:000776) acted as independent financial advisor, Zhong Lun Law Firm acted as legal advisor, ShineWing Certified Public Accountants Co., Ltd. and PricewaterhouseCoopers Zhong Tian LLP acted as an accountant for Shandong Zhongji Electrical Equipment Co., Ltd. in the transaction.