Kyland Technology details acquisition and fundraising progress

Beijing Kyland Technology Co., Ltd. (Kyland Technology) has updated on its significant asset acquisition and fundraising plan. The company intends to acquire 100% of Beijing Gaoweike Electrical Technology Co., Ltd. from 43 parties, including Zhang Xun and Liu Xinpings, through a combination of share issuance and cash payment. Kyland Technology also aims to raise supporting funds from up to 35 specific investors.

The transaction, expected to be a major asset restructuring that does not involve a related party transaction or backdoor listing, was initially disclosed in a preliminary plan on November 1, 2025. Since then, Kyland Technology and related parties have been actively advancing necessary work, including due diligence, audit, and valuation, which are still in progress.

Kyland Technology’s shares were halted from trading on October 21, 2025, for this transaction and resumed trading on November 3, 2025. The company will convene further board and shareholder meetings to approve the transaction once the outstanding work is completed. The acquisition remains subject to approval by the Shenzhen Stock Exchange and the China Securities Regulatory Commission.