Zhejiang Canaan Technology Limited (SZSE:300412) agreed to acquire an additional 16% stake in Zhejiang Canaan Xiaojiang Technology Co., Ltd from Zheng Xiaojiang, Deng Ruiping and Yu Xiqing for CNY 5.3 million on June 28, 2021. Zhejiang Canaan Xiaojiang Technology reported total assets of CNY 85.2 million and total common equity of CNY 27.6 million till March 21, 2021. After the completion of the acquisition, the companys holding of Canaan Xiaojiangs equity will increase from 51% to 67%, which will not have a significant impact on the companys financial status and operating results for the year, and will not lead to changes in the scope of the companys consolidated statements. The transaction is approved by board of Zhejiang Canaan Technology Limited. The funds required for this acquisition are the company's own funds, which will not have a material adverse effect on the company's financial and operating conditions, and there is no situation that harms the interests of listed companies and small and medium shareholders.