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.