Shenzhen Shenshan Special Cooperation Zone Urban Comprehensive Service (Group) Co., Ltd. won the bid to acquire Shenzhen Shenshan Special Cooperation Zone Kingsino Biotechnology Co., Ltd. from Shenzhen Kingsino Technology Co.,Ltd. (SZSE:002548) for approxiately CNY 170 million on June 24, 2022. Consideration shall be payable in installments as agreed between the parties.