Shaanxi Xiangfeng Industrial Development Co., Ltd. agreed to acquire 8.39% stake in Chongqing Pharmaceutical Group Shaanxi Co. , Ltd. from Ginwa Enterprise (Group) Inc. (SHSE:600080) for CNY 14.18 million on September 8, 2023. The transaction is approved by board of directors of Ginwa Enterprise (Group) Inc. As of June 30, 2023, Chongqing Pharmaceutical Group Shaanxi Co. , Ltd. generated total assets of CNY 1.9 billion and net assets of CNY 168.5 million.

Shaanxi Xiangfeng Industrial Development Co., Ltd. completed the acquisition of 8.39% stake in Chongqing Pharmaceutical Group Shaanxi Co. , Ltd. from Ginwa Enterprise (Group) Inc. (SHSE:600080) on October 18, 2023.