Shenzhen AVIC Intelligent Equipment Equity Investment Fund Partnership (Limited Partnership) signed share transfer agreement to acquire 2% stake in Kyland Technology Co., Ltd. (SZSE:300353) from Li Ping for CNY 56.6 million on March 15, 2021. Shenzhen AVIC Intelligent Equipment Equity Investment Fund Partnership (Limited Partnership) will pay the transfer price within 5 working days after obtaining the confirmation document on the transfer of the underlying shares issued by the Shenzhen Stock Exchange. With the unanimous consent of the three parties, Shenzhen AVIC Intelligent Equipment Equity Investment Fund Partnership (Limited Partnership) will directly transfer the price of the target share transfer to the bank account of Li Ping designated by Li Ping to repay stock pledge loan liabilities in ShenwanHongyuan Securities Co. After the completion of the share transfer, Li Ping will hold 119,949,517 shares of the company, accounting for 23.47% of Kyland Technology Co., Ltd. total share capital, and is still controlling shareholder. ShenwanHongyuan Securities Co., Ltd is pledgee in the transaction. Shenzhen AVIC Intelligent Equipment Equity Investment Fund Partnership (Limited Partnership) completed the acquisition of 2% stake in Kyland Technology Co., Ltd. (SZSE:300353) from Li Ping for on April 30, 2021. Post completion, Shenzhen AVIC and Liping hold 2.41% and 23.07% stake.