Beijing Kawin Technology Share-Holding Co., Ltd. (SHSE:688687) signed equity transfer agreement to acquire 16% stake in Beijing Yizhuang International Protein Drug Technology Co., Ltd from Zhoushan Herui Investment Partnership (Limited Partnership) for CNY 4 million on August 1, 2022.After the completion of this transaction, the company's direct stake in Beijing Yizhuang International Protein Drug Technology Co., Ltd. will change from 35.34% to 51.34%.The transaction will be financed from it's own funds. As of December 31, 2021,Beijing Yizhuang International Protein Drug Technology reported a turnover of CNY 24.601321 million, Total assets of CNY 90.890121 million, Net Loss of CNY -3.297473 million and Total Common equity of CNY -11.085772 million. The transaction has already received approval from acquirer's board.