Kelin Environmental Protection Equipment, Inc. (SZSE:002499) and Wentian Shengxiao Technology (Beijing) Co., Ltd. agreed to acquire Beijing Tianyi Technology Co., Ltd. from Li Xiang for CNY 0 on June 18, 2021. Under the term, Kelin Environmental Protection Equipment, Inc. and Wentian Shengxiao Technology (Beijing) Co., Ltd. will acquire 90% and 10% stake of Beijing Tianyi Technology Co., Ltd. respectively. Post completion, Beijing Tianyi Technology Co., Ltd. will operate as a holding subsidiary of Kelin Environmental Protection Equipment, Inc. The transaction was approved by the board of directors of Kelin Environmental Protection Equipment, Inc. on the fourth meeting of the fifth board of directors deliberated held on June 18, 2021.