China Reform Health Management and Services Group Co., Ltd. (SZSE:000503) signed share purchase agreement to acquire 5.5% stake in Beijing I Yong Cloud Co., Ltd from Wuhan Shengshi Luowei Enterprise Management Consulting Partnership Enterprise (Limited Partnership) for CNY 24.6 million on July 20, 2021. China Reform Health Management and Services Group will also carry out its capital increase of CNY 57.4 million and hold a total of 10.02% stake after completion of both the transaction. On the delivery date, China Reform Health Management and Services will pay CNY 5 million of the capital increase amount. After the completion of the share transfer payments, China Reform Health Management and Services shall complete the capital increase payments no later than October 20, 2021. Wuhan Shengshi Luowei Enterprise Management Consulting Partnership Enterprise (Limited Partnership) will hold 13.95% stake after completion of the transaction. Beijing I Yong Cloud reported total assets of CNY 129.97 million and net assets of CNY 112.16 million as on April 30, 2021. The transaction has been approved by the Board of China Reform Health Management and Services Group. After the delivery, China Reform Health Management and Services Group shall complete the share transfer payments no later than September 20, 2021. As of August 2, 2021, China Reform Health Management and Services Group Co., Ltd. has signed " Beijing I Yong Cloud Co., Ltd. Equity Transfer and Capital Increase Subscription Agreement" and other relevant transaction documents with Beijing I Yong Cloud Co., Ltd and its investors. China Reform Health Management and Services Group Co., Ltd. (SZSE:000503) completed the acquisition of 5.5% stake in Beijing I Yong Cloud Co., Ltd from Wuhan Shengshi Luowei Enterprise Management Consulting Partnership Enterprise (Limited Partnership) on October 22, 2021.