Beijing Tong Ren Tang Chinese Medicine Company Limited (SEHK:3613) entered into the Sale and Purchase Agreement to acquire 40% stake in Beijing Tong Ren Tang WM Dianorm Biotech Co., Limited from WM Dianorm Biotech Co., Limited for RMB 33.1 million February 10, 2021. Under the terms of the transaction RMB 33.1 million will be financed by the internal resources of Beijing Tong Ren, 30% of the total consideration i.e. RMB 9.9 million shall be paid within 15 business days and 70% of the total consideration i.e. RMB 23.2 million shall be paid within 10 business days upon completion of the business registration in relation to the Acquisition. Completion of the deal shall take place on the day which the business registration in relation to the Acquisition with the relevant State Administration for Market Regulation has been completed.

Beijing Tong Ren Tang Chinese Medicine Company Limited (SEHK:3613) completed the acquisition of 40% stake in Beijing Tong Ren Tang WM Dianorm Biotech Co., Limited from WM Dianorm Biotech Co., Limited on September 30, 2021.