Landai Technology Group Corp., Ltd. (SZSE:002765) agreed to acquire the remaining 0.32% stake in Shenzhen Top Group Technology Co., Ltd. from Xu Ayu for CNY 2.3 million on September 9, 2021. As per the terms of the transaction, Landai Technology Group Corp., Ltd. shall pay CNY 1.6 million in cash within 10 working days after the signing and effective of this agreement and the remaining CNY 0.7 million to be paid to Xu Ayu within 10 working days after the transfer of industrial and commercial registration procedures. As a result of the transaction, Shenzhen Top Group Technology Co., Ltd. will be a wholly owned subsidiary of Landai Technology Group Corp., Ltd. The transaction was approved by the Board of Directors of Landai Technology Group Corp., Ltd.