APEX TRADING CO. LTD. agreed to acquire Geonext Medical Health Technology (Shanghai)/50.9% of Shanghai Rongqin Healthcare Management from FHT holdings Corp. (JASDAQ:3777) for CNY 210 million on May 18, 2021. As of December 31, 2020, Geonext Medical Health Technology (Shanghai)/50.9% of Shanghai Rongqin Healthcare Management reported negative net assets of CNY 4.41 million, total assets of CNY 0.03 million, sales of CNY 1.83 million, negative EBIT of CNY 4.77 million and net loss of CNY 324.77 million. The transaction was resolved by the board of director of FHT holdings. The transaction is expected to close in the late June 2021. As of June 8, 2021, FHT holdings received price of CNY 210 million and transaction is expected to complete in the second quarter of the fiscal year ending December 2021.