BIMI International Medical, Inc. announced that it entered into a stock purchase Agreement with Fnu Oudom the Chairman of the board of directors of the Company, whereby the Company agreed to to sell 2,000,000 shares of Common Stock at an issue price of $1.5 per share for the gross proceeds of $3,000,000 on February 27, 2023. The company will pay $3,000,000 in cash, based on a purchase price of $1.50, subject to shareholder approval of the issuance of such shares.