China Tian Yuan Healthcare Group Limited (SEHK:557) entered into sale purchase agreement to acquire Shanghai Yuyue Meilianchen Healthcare Beauty Hospital Limited from Ruan Fei for CNY 30 million on December 31, 2019. The consideration will be paid through internal resources. Upon completion, Shanghai Yuyue Meilianchen Healthcare will become wholly owned subsidiary of China Tian Yuan Healthcare Group Limited. The transaction will be terminated if any of the condition in the agreement are not satisfied. The transaction is subject to due diligence and will be completed on the fifth business day after the fulfillment of condition in the agreement. The transaction is expected to be completed within 90 days of the signing of the agreement. As additional time is required for the fulfillment of the conditions precedent to the completion, hence, as of March 31, 2020, the parties extended the long Stop date to April 30, 2020. As on April 29, 2020, the parties in the transaction agreed to extend the long stop date to May 31, 2020, as they required additional time for the fulfillment of the conditions. China Tian Yuan Healthcare Group Limited (SEHK:557) completed the acquisition of Shanghai Yuyue Meilianchen Healthcare Beauty Hospital Limited from Ruan Fei on May 29, 2020. As on May 29, 20202 All the Conditions under the Sale and Purchase agreement have been fulfilled and Shanghai Yuyue Meilianchen Healthcare Beauty Hospital Limited will become an indirect wholly owned subsidiary of the China Tian Yuan Healthcare Group Limited (SEHK:557) and its financial results will be consolidated into the financial statements of China Tian Yuan Healthcare Group Limited.