Huangshi Dongbei Refrigeration Industry Co., Ltd. and Huizhi (International) Co., Limited made a tender offer to acquire 49.97% stake in Huangshi Dongbei Electrical Appliance Co., Ltd. (SHSE:900956) on June 8, 2016. Huangshi Dongbei Refrigerator Industry Co., Ltd and Huizhi (International) Co., Limited will acquire 115 million listed tradable shares at CNY 1.723 per share and 2.4 million non-listed tradable shares of Huangshi Dongbei Electrical Appliance in the deal. All shareholders holding nonlisted tradable shares in the company, including Wuhan Xinhua Pressing Co., Ltd., Shaoxing Xingbei Pressing Co., Ltd., Zhejiang Lisheng Electromechanical Manufacturing Co., Ltd., Changzhou Zhongke Electric Manufacturing Co., Ltd., Changshu Tianyin Electromechanical Co., Ltd. separately released a letter of commitment, committing that they will not accept the tender offer and will not sell any of their shares. The tender offer period will last for 30 calendar days. The tender offer period will be open from July 6, 2016 to August 4, 2016. Wanlian Securities Co., Ltd. acted as independent financial advisor to Huangshi Dongbei Electrical Appliance Co., Ltd in tender offer. Huangshi Dongbei Refrigeration Industry Co., Ltd. and Huizhi (International) Co., Limited cancelled the acquisition of 49.97% stake in Huangshi Dongbei Electrical Appliance Co., Ltd. (SHSE:900956) on August 4, 2016. No shares were tendered during the offer.