Fujian Newland Computer Co., Ltd. (SZSE:000997) signed a letter of intent to acquire 55% stake in Jiangsu Zhilian Tiandi Technology Co., Ltd from Qian Zhiming, Wang Xiabin, Zhao Hua, Zhou Minghan and Xu Huancheng for CNY 38.5 million on January 10, 2015. On July 16, 2015, Fujian Newland Computer Co., Ltd. signed the agreement to acquire 55% stake in Jiangsu Zhilian Tiandi Technology Co., Ltd from Qian Zhiming, Wang Xiabin, Zhao Hua, Zhou Minghan and Xu Huancheng. Qian Zhiming will sell 23.36% stake, Wang Xiabin will sell 14.42% stake, Zhao Hua, Zhou Minghan and Xu Huancheng will sell 5.75% stake each in Jiangsu Zhilian Tiandi Technology Co., Ltd. After completion of the transaction, Fujian Newland Computer will hold 55% stake in Jiangsu Zhilian Tiandi Technology Co., Ltd. Fujian Newland Computer Co., Ltd. will use self-owned funds to acquire the stake.

Jiangsu Zhilian Tiandi Technology Co., Ltd. reported total assets of CNY 45.65 million, liabilities of CNY 14.09 million, net assets of CNY 31.56 million, revenues of CNY 37.49 million, operating profit of CNY 1.87 million and net profit of CNY 6.53 million in 2014. The transaction is not subject to approval of shareholders of Fujian Newland Computer. The Board of Fujian Newland Computer Co., Ltd approved the transaction on July 16, 2015.