Chen Shaobin agreed to acquire 10% stake in Guangdong Jiaying Pharmaceutical Co., Ltd (SZSE:002198) from Chen Yonghong for approximately CNY 430 million on November 2, 2021. Under the terms of transaction, Chen Shaobin will acquire 50.8 million shares at price of CNY 8.4 per share. Post completion, seller will not hold any stake in Guangdong Jiaying Pharmaceutical Co., Ltd. In a related transaction, An unknown buyer agreed to acquire 5% stake in Guangdong Jiaying Pharmaceutical Co., Ltd for approximately CNY 210 million on November 2, 2021.