Beijing Telesound Electronics Co., Ltd. agreed to acquire 49% stake in Nanjing Metro Operation Security Service Co., Ltd. from Nanjing Metro Operation Co., Ltd. for CNY 15.9 million.

Beijing Telesound Electronics Co Ltd is a China-based company that mainly provides overall security solutions and operational services. The Company uses intelligent technology and Internet of things (IoT) platform technology to provide products and services such as intelligent monitoring and alarm solutions, monitoring and alarm operation services, intelligent security inspection solutions, and security inspection operation services. Its products and services are used in finance, rail transit, urban public safety and other fields.