AVCON Information Technology Co., Ltd. (SZSE:300074) agreed to acquire additional 20% stake in Zhengzhou Xin Yi Hua Medical Technology Co.,Ltd. from Henan Yuanlang Enterprise Management Co., Ltd. for CNY 60 million on June 29, 2021. Within fifteen working days after the signing of this agreement AVCON Information Technology Co., Ltd. (SZSE:300074) shall pay Henan Yuanlang Enterprise Management Co., Ltd. a total of CNY 20 million in the first installment of equity transfer. Within fifteen working days from the date when all the prerequisites stipulated in Article 2.1 of this Agreement are met or exempted and the investor obtains all the delivery documents stipulated in Article 2.2 the investment the AVCON Information Technology Co., Ltd. (SZSE:300074) shall pay to Henan Yuanlang Enterprise Management Co., Ltd. the total amount of CNY 40 million for the second phase of equity transfer. For the period ended March 31, 2021, Zhengzhou Xin Yi Hua Medical Technology Co.,Ltd. reported total assets of CNY 143.4 million and common equity of CNY 55.6 million. AVCON Information Technology Co., Ltd. (SZSE:300074) completed the acquisition of additional 20% stake in Zhengzhou Xin Yi Hua Medical Technology Co.,Ltd. from Henan Yuanlang Enterprise Management Co., Ltd. recently. AVCON Information Technology Co., Ltd completed the first payment recently.