Aoyuan Beauty Valley Technology Co.,Ltd. (SZSE:000615) signed the share transfer agreement to acquire Guangdong Aurora Health Management Co., Ltd. from Aoyuan Healthy Life (Guangzhou) Group Co., Ltd. and Xu Minglang for CNY 30 million on October 18, 2021. Consideration will be paid in cash. Aoyuan Healthy Life (Guangzhou) Group Co., Ltd. will sell 30% stake for CNY 9 million and Xu Minglang will sell 70% stake for CNY 21 million. Aoyuan Beauty Valley Technology Co.,Ltd. will pay 50% of the Consideration, being CNY 4.5 million to Aoyuan Healthy Life (Guangzhou) Group within ten (10) business days from the effective date of the Share Transfer Agreement and remaining CNY 4.5 million to Aoyuan Healthy Life (Guangzhou) Group Co., Ltd. within thirty (30) business days from the date of completion of the registration with the competent authority for industry and commerce in relation to the transfer of the entire equity interest of Guangdong Aurora Health Management. Guangdong Aurora Health Management Co., Ltd. reported total assets of CNY 34.6 million, total liabilities of CNY 8.3 million, net assets of CNY 26.3 million, revenue of CNY 25.7 million, operating profit of CNY 2.3 million and net profit of CNY 2.2 million for the year ended December 31, 2020. Guangdong Aurora Health Management Co., Ltd. reported total assets of CNY 50.7 million, total liabilities of CNY 24.1 million and net assets of CNY 26.6 million for the year ended August 31, 2021. Transaction is approved by the board of directors of Aoyuan Beauty Valley Technology Co.,Ltd. Aoyuan Healthy Life Group Company Limited intends to apply the gross proceeds from the Disposal as general working capital and other expenses in relation to the ordinary course of business of the Group.