Ampang Life Insurance Co., Ltd. signed a share transfer agreement to acquire an additional 5.8% stake in Beijing Tongrentang Co., Ltd (SHSE:600085) from Harmony Health Insurance Co., Ltd. on June 29, 2018. Under the terms of transaction, Ampang Life Insurance Co., Ltd. will acquire an additional 79.5 million shares in Beijing Tongrentang Co., Ltd. Upon completion, Ampang Life Insurance Co., Ltd. will hold 121.3 million shares representing 8.85% stake and Harmony Health Insurance Co., Ltd. will not hold any stake in Beijing Tongrentang Co., Ltd. The agreement still needs to go through the relevant share transfer procedures of China Securities Depository and Clearing Co., Ltd. Shanghai Branch.