Newland Digital Technology Co.,Ltd. (SZSE:000997) agreed to acquire 80% stake in Shanghai Shanhao Intelligent Technology Development Co., Ltd. from Shanghai Shanxin Digital Technology Co., Ltd., Shanghai Shanxin Network Technology Center (Limited Partnership) and Chen Yi on September 28, 2023. The transaction has been submitted and approved in the resolution of the 20th meeting of the 8th board of directors of Newland Digital Technology Co., Ltd.