Shenzhen King Explorer Science and Technology Corporation (SZSE:002917) agreed to acquire 73.61% stake in Tianjin Taikedun Civil Blasting Equipment Co., Ltd. from Beijing Jingmei Group Co.,Ltd. for CNY 39.9 million on November 16, 2021. Board of directors of Shenzhen King Explorer Science and Technology Corporation (SZSE:002917) approved the transaction.