Silkroad Visual Technology Co., Ltd. (SZSE:300556) intends to acquire Shenzhen Name Art Technology Co., Ltd. from Xinyu Beien Venture Capital Management Co., Ltd., Shenzhen Mena Technology Investment Enterprise (Limited Partnership) and Han Zhuo for CNY 90 million on November 22, 2023. Shenzhen Name Art reported total assets of CNY 14.6 million and net assets of CNY 9.3 million on August 31, 2023. Silkroad will finance the transaction using its own funds.

The transaction was approved by the Board of Directors of Silkroad and also in the special meeting of Independent Directors. Completion is subject to approval by Silkroad's shareholders.