Zhongke Health Industry Group Co., Limited entered into an agreement to acquire Shanghai Hejian Nutritional Food Products Company Limited from Nanjing Sinolife United Company Limited (SEHK:3332) for CNY 10 million on March 18, 2021. The consideration includes (i) First Payment of CNY 5 million in cash on the effective date of agreement and (ii) CNY 5 million in cash payable before September 1, 2021. The transaction is expected to complete on the date when the transfer of the Transferred Interest has been registered with the relevant authorities which is going to be within 10 business days after the first payment is made.