From getting project information to signing purchase agreements

1. The PE project team will conduct preliminary project screening after obtaining project information, and projects that do not meet the PE investment standards will be eliminated;

2, to the attractive program, the analysis of the PE staff will conduct market investigation and research, if the target company's industry characteristics, the valuation of the company's market position, the company, the company's vision of the management team of the critical conditions of PE investment standard, such as the analysis of the PE staff will carefully prepare a investment memorandum;

3. The investment memorandum will be submitted to the investment committee for review. If the demonstration is of value, PE will be approved to establish a project team and the project team will organize due diligence.

4. PE's project team organized a third party to conduct due diligence. Due diligence must be carried out with the management of the target company. After the completion of the investigation, the third party investigation institution issues the due diligence report;

5. The PE project team discussed with the third-party investigation agencies and the management of the target company on the important issues reflected in the due diligence report and clarified all the problems. The due diligence report is submitted to the investment committee. The PE project team and the investment committee discuss the important issues of the report disclosure and the best solution. If the investment committee considers that the project is still invested in value, it will approve the PE project team to start contract negotiations.

6. The PE project team, with the help of lawyers and other experts, designed the transaction structure and communicated with the owner and management of the target company on key issues;

7. The PE project team, with the help of lawyers, negotiated and negotiated with the target company on the details of the list of terms and conditions until it reached an agreement;

8. Prepare and sign all legal documents related to the acquisition with the help of lawyers;

9. Complete all administrative approvals required for the acquisition with the help of lawyers.