Aoyang Group Co., Ltd. agreed to acquire Jiangsu Aoyang Material Technology Co., Ltd. from Jiangsu Aoyang Health Industry Co.ltd. (SZSE:002172) for CNY22 million on October 23, 2023. Jiangsu Aoyang Health Industry Co.ltd held the 14th meeting of the eighth board of directors on October 23, 2023, and reviewed and approved the proposal on the proposed Sale of 100% equity in a wholly-owned subsidiary and related transactions. This related transaction still needs to be submitted to the Jiangsu Aoyang Health Industry Co.ltd shareholders' meeting for review.