Kyland technology suspends trading for acquisition of Beijing Gowell electric

Kyland Technology has announced a trading suspension effective October 21, 2025, to facilitate a planned acquisition of assets. The company is set to acquire 100% equity of Beijing Gowell Electric Technology Co., Ltd. through a combination of share issuance and cash payments, along with a private placement for supporting funds. The initial transaction targets all 43 shareholders of Gowell Electric, including its actual controllers Zhang Xun and Liu Xinping.

The company anticipates disclosing the full transaction plan by November 4, 2025. If the board does not approve and disclose the plan by this deadline, trading will resume, and the company will cease the acquisition efforts for at least one month. Kyland Technology and Gowell Electric, along with Zhang Xun and Liu Xinping, signed a "Cooperation Intent Agreement" on October 20, 2025, outlining the proposed acquisition.

Gowell Electric, established on February 21, 2001, with a registered capital of RMB 10,340 million, specializes in technology development, sales of industrial automation control systems, and related equipment. Its business scope covers intelligent control devices, display instruments, electrical instruments, and software services.