Kyland Technology announces acquisition, capital raise, and trading resumption

Kyland Technology will acquire 100% of Beijing High-Tech Co., Ltd. from 43 parties via a combination of share issuance and cash payments, alongside a private placement of shares to raise supporting funds. The transaction is a major asset restructuring and is expected not to constitute a connected transaction. Shares of Kyland Technology, suspended on October 21, 2025, will resume trading on November 3, 2025.

The acquisition aims to enhance Kyland Technology’s industrial internet capabilities, leverage Beijing High-Tech Co., Ltd.'s market presence and technology, and expand into industrial automation and intelligent control. The transaction price for Beijing High-Tech Co., Ltd. will be determined by asset-based valuation after auditing and appraisal are complete.

The share issuance price for the acquisition is set at yuan 18.56 per share, not less than 80% of the average stock price over the 120 trading days prior to the pricing reference date of October 31, 2025. The supporting funds will be raised through an inquiry-based private placement to no more than 35 specific investors, with the total amount not exceeding 100% of the asset acquisition price.