LBX Pharmacy Chain Joint Stock Company (SHSE:603883) agreed to acquire 51% stake in Hebei Hua Tuo Pharmacy Medicine Chain Co., Ltd. from Zhang Weijun, Tian Jinping, Ma Zhirong and Guo Zhihong for CNY 1.4 billion on August 24, 2021. Under the terms of consideration, The first advance payment: within 7 working days after this agreement is signed and effective, 20% of the total transfer price shall be paid, totaling CNY 285.6 million and The second transfer price: After the completion of the target company's assets divestiture, the target equity change, the establishment of the target company's board of directors, and the completion of the above work within seven working days, 40% of the total transfer price shall be paid, totaling CNY 571.2 million and The third transfer payment: 10% of the total transfer price shall be paid within 7 working days after the establishment of the board of directors, totaling CNY 142.8 million and The fourth transfer price: within 7 working days after the seller provides the personal income tax payment voucher, 10% of the total transfer price shall be paid, totaling CNY 142.8 million and The fifth transfer price: After auditing, evaluating and confirming that the net assets of the target company meet stipulated in this agreement on the delivery date, within 7 working days 10% of the total transfer price shall be paid, totaling RMB 142.8 million and The sixth transfer price: the amount of CNY 142.8 million yuan is the deposit, and the guarantee period is one year (calculated from the delivery date). After the expiration, the two parties confirm that the seller has no deductions for payment and shall pay within 7 working days. The consideration will be funded through its own funds. Hebei Hua Tuo Pharmacy Medicine Chain reported total assets of CNY 821.6 million and total common equity of CNY 227.7 million till April 31, 2021. LBX Pharmacy Chain Joint Stock Company's board approved the deal.

LBX Pharmacy Chain Joint Stock Company (SHSE:603883) cancelled the acquisition of 51% stake in Hebei Hua Tuo Pharmacy Medicine Chain Co., Ltd. from Zhang Weijun, Tian Jinping, Ma Zhirong and Guo Zhihong on March 6, 2022. LBX Pharmacy Chain Joint Stock Company received a total of CNY 285.6 million in total repaid by the company from the seller on March 15, 2022.