Kingland Technology Co.,Ltd. (SZSE:000711) agreed to acquire Gejiu Xinghua Zinc Industry Co., Ltd. from Yang Xinghua for approximately CNY 190 million on April 22, 2024. The consideration consists of CNY 185 million in cash. As part of the consideration, CNY 185 million was paid towards common equity.

The transaction was approved by the Independent Directors special meeting and the Board of Directors of Kingland Technology. The transaction is subject to approval by shareholders of Kingland Technology. Gejiu Xinghua Zinc Industry reported total assets of CNY 190.2 million as on February 29, 2024.