Guangdong New South Investment Co., Ltd. entered into a share transfer agreement to acquire a 12.21% stake in Guangdong Jiaying Pharmaceutical Co., Ltd (SZSE:002198) from Chen Yonghong, Huang Zhiyong and Huang Libing for approximately CNY 620 million in June 2021. Guangdong New South Investment Co., Ltd. will acquire 61,985,695 shares at a price of CNY 10 per share. Under the transaction, Chen Yonghong will transfer 36,280,599 shares, accounting for 7.15% stake; Huang Zhiyong will transfer 24,997,848 shares, accounting for 4.93% stake and Huang Libing will transfer 707,248 shares, accounting for 0.14% stake.