Kyland Technology Co., Ltd. (SZSE:300353) signed an agreement to acquire an additional 18.37% stake in Kyland Huasheng Technology Co., Ltd. from Beijing Zhongfa Qihang Kyland Huasheng Special Investment Fund (Limited Partnership) and CDB Technology Venture Capital Co., Ltd. for CNY 77.7 million on December 17, 2021. The consideration shall be payable within 20 days after consideration paid. Post completion, Kyland Technology Co., Ltd. will hold 90.04% while Beijing Zhongfa Qihang Kyland Huasheng Special Investment Fund (Limited Partnership) and CDB Technology Venture Capital Co., Ltd. will hold no stake in Kyland Huasheng Technology Co., Ltd. The Board of Directors of Kyland Technology Co., Ltd. has approved the transaction.