Dongfeng Electronic Technology Co.,Ltd. (SHSE:600081) agreed to acquire stake in 9 entities from Dongfeng Motor Parts & Components (Group) Co., Ltd. for CNY 1.5 billion on May 30, 2020. Dongfeng Electronic will acquire 50% equity of Dongfeng Mahle Thermal System Co., Ltd., a 50% stake in Shanghai Fleetguard Filter Co., Ltd., 50% equity of Dongfeng Fuji Thomson Thermostat Co., Ltd., 90% equity of Shanghai Dongsen Real Estate Co., Ltd., 50% equity of Dongfeng Faurecia (Xiangyang) Exhaust System Co., Ltd, 50% stake in Dongfeng Faurecia Exhaust Control Technology Co., Ltd., 40% stake in Dongfeng Huimen (Shiyan) Engine Parts Co., Ltd., 40% equity, Dongfeng Fuao Pump Co., Ltd. and 30% equity of Dongfeng Kubo Auto Parts Co., Ltd. Dongfeng Electronic will issue its shares as consideration to the transaction. As on July 21, 2021, Dongfeng Electronic Technology Co.,Ltd. adjusted the issued shares from 155.375995 million to 156.858905 million. After the completion of this issuance, the new shares of the company subscribed by the seller shall not be transferred within 36 months from the end of this issuance. For the year ended December 31, 2019, Dongfeng Mahle Thermal System Co., Ltd reported total assets of CNY 1.4 billion, total owner's equity of CNY 715.2 million, revenue of CNY 1.26 billion, operating profit of CNY 165.24 million, total profit of CNY 165.57 million and net profit of CNY 145.3 million. For the year ended December 31, 2019, Shanghai Fleetguard Filter Co., Ltd. reported total assets of CNY 638.9 million, total owner's equity of CNY 386.5 million, revenue of CNY 1.1 billion, operating profit of CNY 160.99 million, total profit of CNY 161.09 million and net profit of CNY 121.97 million. For the year ended December 31, 2019, Dongfeng Fuji Thomson Thermostat Co., Ltd. reported total assets of CNY 338.42 million, total owner's equity of CNY 185.33 million, revenue of CNY 425.64 million, operating profit of CNY 48.58 million, total profit of CNY 48.64 million and net profit of CNY 42.51 million. For the year ended December 31, 2019, Shanghai Dongsen Real Estate Co., Ltd. reported total assets of CNY 51.39 million, total owner's equity of CNY 40.32 million, revenue of CNY 4.36 million, operating profit of CNY 2.7 million, total profit of CNY 2.6 million and net profit of CNY 1.94 million. The transaction is subject to authorized state-owned asset management department approving the subject asset assessment results as determined in the subject asset assessment report; After the completion of the audit and evaluation of the target assets involved in this reorganization, the company once again convened a board meeting to consider and approve the relevant proposals of the transaction; The transaction plan needs to be approved by the competent state-owned asset management department; The shareholders' general meeting of the company needs to approve the relevant proposal of the transaction; The China Securities Regulatory Commission needs to approve this major asset reorganization. The transaction has been approved by board of directors of Dongfeng Motor Parts & Components (Group) Co., Ltd., board of Dongfeng Electronic Technology Co.,Ltd. As of December 18, 2020, State-owned Assets Supervision and Administration Commission of the State Council had approved of the transaction. As of December 21, 2020, shareholders of Dongfeng Electronic Technology Co.,Ltd. approved the transaction. As on July 19, 2021, CSRC has given the unconditional approval. As on August 2, 2021, China Securities Regulatory Commission approved the Dongfeng Electronic Technology to issue the consideration shares. On August 30, 2021, Dongfeng Mahle Thermal System Co., Ltd obtained the "Business License" reissued by the Market Supervision Administration of Wuhan Economic and Technological Development Zone. The shareholders of Dongfeng Mahle Thermal System Co., Ltd after the completion of the industrial and commercial change registration are Dongfeng Technology and the German Mahle Behr Co., Ltd. On August 31, 2021, Shanghai Fleetguard obtained the "Business License" reissued by the Market Supervision Administration of Pudong New Area. The shareholders of Shanghai Fleetguard after the completion of the industrial and commercial change registration are Dongfeng Technology and Cummins (China) Investment Co., Ltd. On August 26, 2021, Dongfeng Thomson obtained the "Notice of Change of Registration for Foreign-invested Enterprises" approved by the Market Supervision Administration of Wuhan Economic and Technological Development Zone. The shareholders of Dongfeng Thomson after the completion of the business change registration are Dongfeng Technology and Stant USA Corporation. On August 27, 2021, Dongsen Real Estate obtained the "Business License" reissued by the Market Supervision Bureau of the Pilot Free Trade Zone. After the completion of this industrial and commercial change registration of Dongsen Real Estate, Dongfeng Technology is the sole shareholder of Dongsen Real Estate. On August 27, 2021, Dongfeng Faurecia Xiangyang Company obtained the "Business License" issued by the Xiangyang Market Supervision Administration. The shareholders of Dongfeng Faurecia Xiangyang Company after the completion of this industrial and commercial change registration are Dongfeng Technology and Faurecia (China) Investment Co., Ltd. On August 27, 2021, Dongfeng Faurecia Exhaust Technology Co., Ltd. obtained the "Business License" after the reissue of the Xiangyang Market Supervision Administration. The shareholders of Dongfeng Faurecia Exhaust Technology Co., Ltd. after the completion of the industrial and commercial change registration are Dongfeng Technology and Faurecia (China) Investment Co., Ltd. On August 30, 2021, Dongfeng Huimen (Shiyan) Engine Parts Co., Ltd obtained the "Notice of Change of Registration of Foreign-invested Enterprises" approved by Shiyan City Market Supervision Administration ((Ten City Supervision) Foreign Investment Change Standard. Dongfeng Huimen (Shiyan) Engine Parts Co., Ltd 's shareholders after the completion of the industrial and commercial change registration are Dongfeng Technology, Federal-Mogul East-West (Qingdao) Piston Co., Ltd. and Federal-Mogul (China) Co., Ltd. On August 24, 2021, Dongfeng Fuao Pump Co., Ltd. obtained the "Notice of Approval of Modification Registration" approved by the Zhangwan District Market Supervision Administration of Shiyan City ((Ten City Supervisor) Registration. The shareholders of Dongfeng Fuao Pump Co., Ltd. after the completion of this industrial and commercial change registration are Dongfeng Technology and FAWER Automotive Parts Limited Company (SZSE: 200030). On August 27, 2021, Dongfeng Cooper obtained the "Notice of Change of Registration of Foreign-invested Enterprises" approved by the Market Supervision Administration of Caidian District, Wuhan City ((Cai Shijian) Foreign Investment Change Zhunzi. The shareholders of Dongfeng Kubo Auto Parts Co., Ltd. after the completion of the industrial and commercial change registration are Dongfeng Technology and Cooper Standard Investment Co., Ltd. Song Yongxin, Liao Xu, Wu Haotian, Song Fuliang, Tang Nannan, Wang Ya Hui, Liu Xiaojie, Liu Yongze, and Lu Bingchen of CITIC Securities Company Limited (SHSE:600030) acted as financial advisor, Xiong Chuan, Ye Ying, and Wang Zhen of Zhong Lun Law Firm acted as legal advisor and Gao Yu, Tan Liang of PricewaterhouseCoopers Zhongtian Certified Public Accountants (Special General Partnership) acted as accountant for Dongfeng Electronic Technology Co.,Ltd. Dongfeng Electronic Technology Co.,Ltd. (SHSE:600081) completed the acquisition of stake in 9 entities from Dongfeng Motor Parts & Components (Group) Co., Ltd. on August 31, 2021. On September 4, 2021, transaction has obtained all necessary approvals and authorizations, and has the conditions for implementation.