Chongqing Sokon Industry Group Stock Co.,Ltd. (SHSE:601127) agreed to acquire remaining 50% stake in Dongfeng Xiaokang Motor Company Limited from DongFeng Motor Corporation for CNY 5.6 billion on November 16, 2018. Under the terms of transaction, Chongqing Sokon Industry Group Stock Co.,Ltd. will issue 332.2 million to acquire 50% stake in Dongfeng Xiaokang Motor Company Limited. Upon completion, Chongqing Sokon Industry Group Stock Co.,Ltd. will hold 100% stake in Dongfeng Xiaokang Motor Company Limited. For the year ended December 31, 2017, Dongfeng Xiaokang Motor Company Limited had total assets of CNY 12.6 billion, net assets of CNY 2.1 billion, revenue of CNY 19.3 billion, operating profits of CNY 902.9 million and net profit of CNY 763.9 million. The transaction is subject to approval from shareholders’ of Chongqing Sokon Industry Group Stock Co.,Ltd. and Dongfeng Xiaokang Motor Company Limited; and approval of China Securities Regulatory Commission. The transaction has been approved by the Board of Chongqing Sokon Industry Group Stock Co.,Ltd. As of March 22, 2019, the transaction is approved at the directorate meeting of DongFeng Motor Corporation. Jia Xing Hua, Gao Ji Tao, Liao Xiao Long, Zhou Yang, Duan Liang Xiao and Su Jing Sen of CSC Financial Co., Ltd. (SEHK:6066) acted as financial advisor to Chongqing Sokon Industry Group Stock Co.,Ltd. Yang Xiaolei, Wang Ning and Yang Zihan of King & Wood Mallesons acted as legal advisor for Chongqing Sokon Industry Group. Hu Tao and Wang Chang of Wuyige Certified Public Accountants LLP (Special General Partnership) acted as accountants for Chongqing Sokon Industry Group. Chongqing Sokon Industry Group Stock Co.,Ltd. (SHSE:601127) cancelled the acquisition of remaining 50% stake in Dongfeng Xiaokang Motor Company Limited from DongFeng Motor Corporation on July 23, 2019.