JiangSu WuZhong Pharmaceutical Development Co., Ltd. (SHSE:600200) agreed to acquire 70% stake in Shanghai Weina Cosmetics Co., Ltd., from Weina Hongkong Co., Limited in 2020. JiangSu WuZhong Pharmaceutical Development Co., Ltd. signed an equity acquisition intention agreement to acquire 70% stake in Shanghai Weina Cosmetics Co., Ltd., from Weina Hongkong Co., Limited on September 28, 2021. JiangSu WuZhong Pharmaceutical Development Co., Ltd., and Weina Hongkong Co., Limited have tentatively decided that the consideration for the acquisition of 100% of Shanghai Weina Cosmetics Co., Ltd.'s equity is approximately CNY 700 million. As of June 30, 2021, Shanghai Weina Cosmetics Co., Ltd., had total assets of CNY 207.8 million and net assets of CNY 135 million. The transaction has been reviewed and approved at the second extraordinary meeting of JiangSu WuZhong Pharmaceutical Development Co., Ltd.'s tenth board of directors in 2020.

JiangSu WuZhong Pharmaceutical Development Co., Ltd. (SHSE:600200) cancelled the transaction to acquire 70% stake in Shanghai Weina Cosmetics Co., Ltd., from Weina Hongkong Co., Limited on January 22, 2022. The transaction has been terminated because of due diligence investigation, during the due diligence, JiangSu WuZhong Pharmaceutical Development found that there was a dispute between Vina Hong Kong Co., Ltd. and Li Shanyong, which had not been settled.