Jizhong Energy Resources Co., Ltd. (SZSE:000937) signed an agreement to acquire a 10% stake in North China Pharmaceutical Company. Ltd (SHSE:600812) from Jizhong Energy Group Company Limited for CNY 2.5 billion on September 4, 2020. As a part of transaction, Jizhong Energy Resources Co., Ltd. will acquire 163,080,473 shares of North China Pharmaceutical Company. Ltd. from Jizhong Energy Group Company Limited and within five working days after the signing date of the agreement, the Jizhong Energy Resources Co., Ltd. will pay 30% of the transfer price to serve as deposit to Jizhong Energy Group Company Limited. After the agreement becomes effective, within five working days after the target shares are transferred to the name of Jizhong Energy Resources Co., Ltd., Jizhong Energy Resources Co., Ltd. will pay the remaining transfer price to the Jizhong Energy Group Company Limited. Post transaction, Jizhong Energy Resources Co., Ltd. will hold 25.3% stake in North China Pharmaceutical Company. Ltd. As on September 25, 2020, the parties signed a Supplementary Agreement in relation to adjusting the price of the underlying shares of the transaction. The transfer price of the target shares of this equity transfer is planned to be CNY 13.42 per share, and the total share transfer price is CNY 2.2 billion.

Jizhong Energy Resources Co., Ltd. (SZSE:000937) completed the acquisition of a 10% stake in North China Pharmaceutical Company. Ltd (SHSE:600812) from Jizhong Energy Group Company Limited on November 2, 2020.