Jiangxi Jiangzhong Pharmaceutical Commercial Operation Co., Ltd. agreed to acquire 9% of stake in Charmacy Pharmaceutical Co., Ltd. (SEHK:2289) from Yao Chuanglong for HKD 70.9 million on September 13, 2022. The transaction is subject to approval of state-owned assets supervisory authority and SAMR. Guotai Junan Capital acted as financial advisor to Jiangxi Jiangzhong Pharmaceutical Commercial Operation Co., Ltd.

Jiangxi Jiangzhong Pharmaceutical Commercial Operation Co., Ltd. completed the acquisition of 9% of stake in Charmacy Pharmaceutical Co., Ltd. (SEHK:2289) from Yao Chuanglong on January 17, 2023.