Everjoy Health Group Co., Ltd. (SZSE:002162) agreed to acquire Quanjiao Tongren Hospital Co., Ltd. from Shanghai Mushang Enterprise Management Center (Limited Partnership), Shanghai Xinyao Energy Saving Technology Co., Ltd., Shanghai Jianhao Investment Management Center (Limited Partnership) and Yan Xingneng for approximately CNY 140 million on June 19, 2017. Under the terms of the deal, Everjoy Health Group Co., Ltd. will issue 22.2 million shares at an issue price of CNY 6.25. In related transactions, Everjoy Health Group Co., Ltd. agreed to acquire Sihong Fenjinting Hospital Co., Ltd. and Jianchang Hospital of Chinese Medicine Co., Ltd. In a related transaction, Everjoy Health Group Co., Ltd. will issue A shares to not more than 10 specific investors including Shanghai Xinyao Energy Saving Technology Co., Ltd. to raise funds of CNY 383.98 million with Xinyao Energy Saving promising to subscribe for not less than CNY 30 million. Quanjiao Tongren Hospital Co., Ltd. reported total assets of CNY 75.7 million, total shareholder’s equity of CNY 7.42 million, revenue of CNY 57.1 million, total profit of CNY 7.42 million and net profit of CNY 5.36 million for the year ending December 31, 2016. Everjoy Health Group Co., Ltd., Quanjiao Tongren Hospital Co., Ltd. and Shanghai Mushang Enterprise Management Center (Limited Partnership), Shanghai Xinyao Energy Saving Technology Co., Ltd., Shanghai Jianhao Investment Management Center (Limited Partnership) and Yan Xingneng already went through their internal decision making process, approving this transaction. Quanjiao Tongren Hospital Co., Ltd. shareholders’ meeting already made a shareholders’ meeting resolution, approving the transfer of Quanjiao Tongren Hospital Co., Ltd. This transaction already gained the approval of the 2nd session and 6th session of the Everjoy Health Group Co., Ltd.’s 6th directorate and is still subject to Everjoy Health Group Co., Ltd.'s shareholders’ meeting and China Securities Regulatory Commission. This transaction has been reviewed and approved during Everjoy Health Group Co., Ltd.’s 2017 3rd extraordinary general meeting on October 16, 2017. On December 18, 2017, the Bureau of Commerce of Anhui Province approved the transaction. As on January 17, 2018, the deal got approval from the Merger, Acquisition and Reorganization Examination Committee of the Listed Companies of CSRC. Li Xiang, Chen Jie, Zhao Ji, Hu Xiaojun, Fu Pengkai, Xu Ke, Yin Jitong, Zhang Tong Li Chuan and Weng Songlan of China International Capital Corporation Limited acted as financial advisors, Weng Xiaojian and Zhang Jie of Llinks Law Offices acted as legal advisors and Tang Xuan and Ren Baoqiang of Shinewing Certified Public Accountants acted as accountants to Everjoy Health Group Co., Ltd. Everjoy Health Group Co., Ltd. (SZSE:002162) cancelled the acquisition Quanjiao Tongren Hospital Co., Ltd. from Shanghai Mushang Enterprise Management Center (Limited Partnership), Shanghai Xinyao Energy Saving Technology Co., Ltd., Shanghai Jianhao Investment Management Center (Limited Partnership) and Yan Xingneng on May 23, 2018.