Zhitong Finance App News, Xiongan Technology (01647.HK) announced that the Company was informed by Mr. Yao Yongjie (Mr. Yao), the Chairman and Executive Director of the Company and beneficial owner of 50% of Great Scenery Ventures Limited (Great Scenery), that he intends to allocate additional shares in Great Scenery to his son Mr. Yao Zeqian (undertaker) at nominal cost (proposed allocation). After the proposed allotment is completed, the grantor's share in Great Scenery will be increased from 50% to 99.5%, while Mr. Yao will retain 0.5% of the interest.

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