The controlling shareholders sold 3.7% stake in Hollyland (China) Electronics Technology Corporation Limited (SZSE:002729) on January 2, 2018. As per the transaction, controlling shareholder sold 2.5 million shares. Post completion, controlling shareholder held 29 million shares representing 43.5% stake of Hollyland (China) Electronics Technology Corporation Limited. The controlling shareholders completed the sale of 3.7% stake in Hollyland (China) Electronics Technology Corporation Limited (SZSE:002729) on January 2, 2018.