Guangdong Nanhai Holding Investment Co.,Ltd signed an agreement to acquire a 13.13% stake in Nanfang Ventilator Co., Ltd. (SZSE:300004) from Yang Zijiang, Yang Zewen and Qiu Yunlong for approximately CNY 370 million on December 31, 2021. As part of the transaction, Guangdong Nanhai will acquire 63 million shares at a price of 5.94 yuan per share. After completion, the controlling shareholder of Nanfang Ventilator will be changed to Guangdong Nanhai, and the actual controller will be changed to the State-owned Assets Supervision and Administration Bureau of Nanhai District, Foshan City. In February 2022, Nanfang Ventilator received the decision on no further review of the Anti-monopoly review from the State Administration for Market Regulation. State-owned Assets Supervision and Administration Commission of the Foshan Municipal People's Government and the Foshan State-owned Assets Supervision and Administration Commission approved the transaction.

Guangdong Nanhai Holding Investment Co.,Ltd completed the acquisition of 13.13% stake in Nanfang Ventilator Co., Ltd. (SZSE:300004) from Yang Zijiang, Yang Zewen and Qiu Yunlong on April 1, 2021