Shaanxi Zhongtou Xiangzhen Investment Fund Partnership Enterprise (Limited Partnership) agreed to acquire Nanyang Xinlan Agricultural Development Co., Ltd. from Kingland Technology Co.,Ltd. (SZSE:000711) on November 17, 2021. As per the agreement Kingland repurchase 45% stake of Nanyang Xinlan. As of September 30, 2021, Nanyang Xinlan has a total assets of CNY 3,004,820.14 and owners’ equity of CNY 3,004,820.14. The transaction has been reviewed and approved at the 59th meeting of the 9th Board of Directors of Kingland.