This document provides a summary of potential investment and M&A deals in China across multiple sectors. It includes 31 deals ranging from private placements to mergers and acquisitions. The deals cover a variety of industries including healthcare, consumer, industrials, and business services. For each deal, key details like financing amount, company overview, financials, and timing are provided. The document is a weekly update from Merger-Link on potential investment opportunities in China.

1. CONFIDENTIAL
Weekly Deal Leads – May 28
Deal Sourcing and Investment Intelligence
July 2018
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2. Merger-Link Selected Deal Leads – Prior to June 4th
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Date Deal ID Sector Deal Type Revenue Summary
01/06/2018 14553 Healthcare Private Placement RMB 200m - A private company providing diagnosis, treatment and physical examination
- Planning to launch series B round funding of about RMB 200m at the end of 2018
- Revenue of RMB 27m in 2017 and expected to be RMB 50m in 2018
01/06/2019 14550 Consumer Private Placement RMB 310m - A private company engaged in development and production of casual beverage, snacks and candies
- Planning to go public in overseas stock exchanges in 2019
- Launching the final round of funding of RMB 270m to RMB 350m
- Revenue in 2017 RMB of 1.3 billion and RMB 1.6 billion to RMB 1.8 billion in 2018
- Product lines including beverages, candies, baked products, etc.
31/05/2018 14546 Business
Service
Consumer
Private Placement RMB 150m - A New OTC Market company providing original early education content and derivative products
- Planning to raise RMB 150m by selling secondary shares and issuing new ones
- Revenue in 2017 RMB 77.3m, up 31.2% YoY and net profit RMB 4.6m, up 109.9% YoY
31/05/2018 14541 Consumer Private Placement RMB 150m - A Chain of 24-hour convenience store
- Planning a series B round funding of RMB 150m, with a post-investment valuation RMB 1.5 billion
- Revenue in 2017 RMB 1 billion, with a gross margin of 25%; revenue in 2018 expected to grow by 80%
- Main products including tobacco, food, dairy products, beverages and others
- Over 1000 outlets, in which over 800 in Xi'an and 200 in Zhengzhou and Baoji
31/05/2019 14538 Industrials Private Placement RMB 200m - A private company developing and manufacturing optical communication chips
- Planning to launch series A round funding of RMB 200m in early 2019 with sale of 5% to 10% stake
- Accept only RMB funds and prefer funds with government backgrounds
- Revenue expected to be RMB 100m in 2018
31/05/2018 14537 Business
Service
Consumer
Private Placement RMB 200m - A private company providing supply chain platform services for jewelry wholesalers based on big data
analysis
- Planning to launch a new round of funding of over RMB 300m in January 2019
- Sales of the company RMB 100m in 2016
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3. 3
Date Deal ID Sector Deal Type Revenue Summary
31/05/2018 14534 Consumer Private Placement RMB 100m - A fast-fashion chain
- Planning to launch the first round of funding of RMB 100m at the end of 2018
- Revenue in 2017 RMB 1 billion
- Shoes being the major products
- Over 200 direct-sale stores
31/05/2018 14530 Industrials Private Placement RMB 450m - A New OTC Market enterprise developing and selling lithium battery management system (BMS) for electric
vehicles
- Willing to talk to investors or consider a new round of follow-on offering
- The total revenue RMB 315m in 2017 wtih net profit RMB 20.8m
- Main products including master module, collection and equalization module and display module
31/05/2018 14533 Industrials Private Placement
M&A
RMB 300m - A private company based in Zhejiang Province, covering the whole industrial chain of new energy electric
vehicles
- Products including commercial electric vehicles, battery PACK, vehicle mobile terminal and core vehicle
parts
- Planning to raise over RMB 300m with the post-investment valuation RMB 1.8 billion
- Nearly RMB 500m in revenue in 2017 and a net profit over RMB 60m; revenue expected to be RMB 2 billion
in 2018
31/05/2018 14547 Business
Services
Consumer
Private Placement RMB 50m - A private company offering American basketball training courses to teenagers
- Planning to launch series B round funding of over RMB 50m in late 2018 with 10% shares sold
- Prefer RMB funds
- Revenues over RMB 20m in 2016 and nearly RMB 40m in 2017, with a gross margin 55%; revenues expected
to at least double in 2018
31/05/2018 14542 Business
Services
Consumer
Private Placement RMB 50m - A private company operating daycare chains
- Launching series B round funding of RMB 50m
- Prefer RMB funds
- 13 centers in Beijing and 1 in Hangzhou
31/05/2018 14539 Business
Services
Consumer
Private Placement RMB 40m - A private company providing Olympic-level live services and sports program planning and production
- Considering a new round of funding of RMB 30m to RMB 50m
- Revenues over RMB 30m in 2017 and the company being profitable; revenues expected to double in 2018
Merger-Link Selected Deal Leads – Prior to June 4th
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4. 4
Date Deal ID Sector Deal Type Revenue Summary
31/05/2018 14532 Consumer Private Placement RMB 50m - A private company operating a chain of boutique coffee shops
- Planning to launch a new round of funding of over RMB 50m after August 2018
- Having an after-tax loss of RMB 827.2 thousand in 2015, and an after-tax profit of RMB 382.3 thousand in
2016, and an after-tax profit of RMB 993.8 thousand in the first-quarter of 2017
- Overall 16 coffee shops and 11 in Shanghai
30/05/2018 14527 Business
Services
Private Placement RMB 50m - A private company operating a chain of childcare and early childhood education
- Launching series B round funding of under RMB 50m in late 2018 and willing to talk to investors in August
- Only accpet RMB
- Mature outlets generating an annual revenue of about RMB 4m to RMB 5m and outlets being profitable after
in operation for 6 months
- Overall 9 centers; all located in Hangzhou
30/05/2018 14528 Healthcare Private Placement USD 100m - A private company developing small molecule drugs for central nervous system diseases
- Planning a series C round funding of USD 100m
- The company planning to go public on NASDAQ or Hong Kong in two years
30/05/2018 14526 Business
Services
Private Placement RMB 150m - A private company mainly providing auto financial services
- Considering a series C round funding of RMB 100m to RMB 200m in the second half of 2018 and willing to
talk to investors now
- Not yet profitable
30/05/2018 14524 Business
Services
TMT
Private Placement RMB 300m - A private company dedicated to creating B2B platform for seafood trade
- Planning to launch a new round of funding of RMB 300m in the second half of 2018 and willing to talk to
investors after August 2018 for equity partnership
- Four service modules: maritime communication, trading platform, supply chain finance and value-added
services for fishermen
30/05/2018 14523 Healthcare Private Placement RMB 200m - A private company engaged in the research and development of biomedicine
- Planning to launch a series B round funding of RMB 200m
- Hoping to talk to strategic investors
Merger-Link Selected Deal Leads – Prior to June 4th
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5. 5
Date Deal ID Sector Deal Type Revenue Summary
30/05/2018 14522 Healthcare
Consumer
Private Placement RMB 300m - A Kunming-based private company operating a community medical service chains
- Launched series D round funding of nearly RMB 300m in December 2017 and still a chance for new
investment
- The pre-investment valuation over RMB 1.5 billion
- Not yet profitable
30/05/2018 14521 Business
Service
Industrials
Private Placement RMB 400m - A private company focusing on big data platform and solutions
- Planning to raise fund of at least RMB 300m to RMB 500m in late 2018 or early 2019
- The core product being SeaBox big data platform
29/05/2018 14517 Business
Service
Consumer
M&A N/A - A private operator of kindergartens and provider of preschool education curriculum equipment
- Considering to be sold
- Revenue more than 60m and not yet profitable
- Over 20 franchising kindergartens and 10 directly run ones
23/05/2018 14471 Industrials Private Placement
M&A
RMB 80m - A private company that develops and produces biodegradable materials
- Planning to launch a private placement of RMB 80m
- The revenue in 2017 RMB 10m to RMB 20m and expected to be RMB 30 to RMB 40m in 2018
- Not yet profitable and expected to break even in 2018
18/05/2018 14452 Business
Service
Consumer
Private Placement RMB 80m - A private company based in Shanghai offering large package (3-30KG) delivery services
- Planning to launch a private placement of RMB 70 to 100m between August and September 2018
- Prefer RMB funds
- The revenue in 2017 RMB 2.6 billion and currently loss-making; revenue for 2018 forecasted to be RMB 3.5
billion with positive profit
11/05/2018 14420 Business
Service
Private Placement
M&A
RMB 15m - A private company providing IoT products and services for the breeding industry
- Planning a private placement of RMB 15m with an overall valuation RMB 100m
- The revenue around RMB 10m in 2017, and expected to be RMB 20m in 2018 with a projected net profit
RMB 5m
Merger-Link Selected Deal Leads – Prior to June 4th
For more information about our services, please contact: service@merger-link.com or +8615921075415

6. 6
Date Deal ID Sector Deal Type Revenue Summary
10/05/2018 14399 Consumer M&A N/A - A restaurant chain brand of Cantonese style soup and cuisine
- Considering sale of the controlling stake and willing to talk to strategic investors
- Revenue in 2015 RMB 300m and the net profit RMB 10m
- Over 25 outlets in Beijing
08/05/2018 14393 Business
Service
Private Placement
M&A
RMB 90m - A private company providing Less-than-Truck-Load and urban express delivery
- Planning a private placement of RMB 80m to RMB 100m
- Revenue in 2017 RMB 850m and net profit RMB 2m; and the projected revenue in 2018 RMB 1 billion and
net profit RMB 7m
- Around 4,100 franchisees
26/04/2018 14345 Healthcare
TMT
Private Placement RMB 30m - A third-party O2O mobile medical service operator in Guangzhou
- Launching a RMB 30m funding with the sale of 10% stake and post-investment valuation RMB 300m
- Interested in investors with strategic resources
- Revenue RMB 11m in 2017 and expected to be RMB 20m 2018
20/04/2018 14317 Consumer Private Placement
M&A
N/A - A Chengdu-based hotpot restaurant chains
- Company’s sales over RMB 1 billion in 2017, with net profit around RMB 200m
- 10 direct-sale stores; all located in Chengdu
19/04/2018 14308 Industrials M&A N/A - A private company that develops and produces starch-based biodegradable plastics
- Considering selling controlling stake
- Revenue in 2015 RMB 200m and net profit over RMB 10m; net profit of RMB 200m in 2016
19/04/2018 14306 Consumer Private Placement
M&A
N/A - A Chengdu-based restaurant chain operating frog and fish hotpot
- Planning to raise capital or selling the controlling stake
- The revenue in 2017 under RMB 80m and the company being profitable
- Over 20 outlets outside Sichuan Province
Merger-Link Selected Deal Leads – Prior to June 4th
For more information about our services, please contact: service@merger-link.com or +8615921075415

7. 7
Date Deal ID Sector Deal Type Revenue Summary
19/04/2018 14304 Consumer Private Placement
M&A
N/A - A Chengdu-based hotpot restaurant chain
- Looking for minority investment and considering selling controlling stake
- The sales in 2017 of wholly-owned outlet more than RMB 100m; the average daily turnover of a wholly-
owned outlet RMB 60 thousand
- 5 direct-sale stores and over 50 franchising stores
12/04/2018 14280 Healthcare Private Placement
M&A
RMB 20m - A private company that develops and produces breathing and anesthetic machines
- Raising RMB 20m for minority investment and considering selling controlling stake
- Pre-investment valuation RMB 180m
- Revenue in 2017 RMB 36.5m and the company broke even; revenue expected to reach RMB 65m to RMB
70m in 2018 with net profit RMB 10m
11/04/2018 14263 Consumer Private Placement
M&A
N/A - A private agricultural group developing and selling pomegranate products
- Willing to accept minority investment or selling controlling stake
- Major product being pomegranate
- Revenue in 2017 RMB 144m with the net profit RMB 31.0m; revenue estimated to be RMB 160m in 2018 and
the net profit RMB 34m
10/04/2018 14257 Healthcare M&A N/A - A private company engaged in production and processing of traditional Chinese medicine, operation of
Chinese medicine chains and management of health services
- Considering selling controlling stake of its pharmacy chain
- Revenue about RMB 200m and net profit RMB 14m in 2017
- Over 65 outlets
08/04/2018 14253 Healthcare M&A N/A - A NEEQ listed company engaged in development and production of Class-III interventional medical devices
- Considering selling controlling stake, but not follow-on offering in 2018 so far
- Main products including coronary stenting system and balloon dilatation catheter
- The net profit in 2017 over RMB 20m
03/04/2018 14238 Healthcare M&A N/A - A Jiangsu-based private company engaged in operation of ophthalmic hospitals
- Currently talking to a large domestic ophthalmic group for equity partnership and considering selling 51%
shares
- Net profit nearly RMB 10m in 2015
Merger-Link Selected Deal Leads – Prior to June 4th
For more information about our services, please contact: service@merger-link.com or +8615921075415

8. Merger-Link Selected Deal Leads – Prior to June 4th
8
Date Deal ID Sector Deal Type Revenue Summary
29/03/2018 14228 Industrials
Consumer
M&A N/A - A Hangzhou-based private company
- Willing to sell controlling stake or minority equity
- Major products including maternal and child food, skin care products, and daily detergent
- Revenue in 2017 over RMB 100m and net profit severalm RMB; the revenue expected to reach RMB 200m in
2018 with net profit RMB 30m
29/03/2018 14224 Industrials
Consumer
M&A RMB 200m - A private company focusing on mid to high-end bedding products
- Considering selling controlling stake or Management Buyout (MBO), with overall valuation RMB 200m
- Main products being intelligent pillow and bedding product
- In 2017 revenue RMB 170m with net profit RMB 12m; revenue in 2018 expected to be RMB 230m to RMB
250m with net profit RMB 20m
- Around 70 direct-sale stores
29/03/2018 14223 Healthcare M&A RMB 175m - A private company engaged in the development and production of hearing aids
- Considering talking to investors for equity partnership and preferring to sell controlling stake
- The overall valuation RMB 150m to RMB 200m
- Major products being hearing aids for the elders
- Revenue in 2017 RMB 70m, with net profit margin nearly 20%
23/03/2018 14196 Healthcare M&A RMB 100m - A private company that develops and produces dental equipment
- Considering selling controlling stake and the expected valuation RMB 100m
- The revenue in 2017 over RMB 40m, with net income margin 20% to 25%
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9. We are the leading provider of deal-sourcing intelligence and services to private equity funds, venture
capital firms and corporations investing in China
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• We generate proprietary, non-public, forward-looking investment opportunities for the buyside
• We clear the market of all actionable investment opportunities in any given sector for our clients
• We are focused on the middle market with deal size ranging from $10 million to $500 million
• Our deals cover opportunities from early-stage financing to buyout
• Our sector expertise: Healthcare, Consumer, Industrials, Business Services and TMT
For more information about our services, please contact: service@merger-link.com or +8615921075415

10. Clients
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We are exclusively dedicated to deal sourcing and gathering business intelligence for the Chinese
primary market
Type Activities
Private equity firms Investment in growth and buyout opportunities
Add-on acquisition for portfolio companies
Corporate Strategic acquisition or investment
Venture capital firms Investment early stage and venture opportunities
Investment banks Searching targets for buy-side mandate
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11. Client Benefits
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Merger-Link increases deal sourcing efficiency and lower costs
• Increased proprietary deal flow
• Forward-looking intelligence of non-auction opportunities
• Extended due diligence time
• Reduce tedious tasks and focus on the critical aspects of the deal
• No longer need to leverage personal connections to connect to owners
• Consistency in deal sourcing effort
• Often resulting in lower entry valuation
• Reduce cost base while increasing efficiency
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