Hangzhou Heying No. 2 Enterprise Management Partnership Enterprise (Limited Partnership) agreed to acquire 3.55% stake in Kyland Technology Co., Ltd. from Li Ping for CNY 120 million.

Kyland Technology Co., Ltd. is a China-based company principally engaged in the research and development, manufacture and distribution of network products for military use and industrial use. Its network products for military use and industrial use mainly include Ethernet switches, multi-media command and dispatch systems, precision clock synchronization and gateway products, as well as embedded industrial servers. The Company also provides big data services and network services, including big data analysis and mining and marketing and planning services, among others. The Company operates businesses in both domestic and overseas markets.