Rongyu Group Co., Ltd. (SZSE:002622) signed a framework agreement to acquire 15% stake in Guangzhou Delun Medical Investment Co., Ltd. from Zhuhai Happy Century Equity Investment Fund (Limited Partnership) on May 27, 2021. Rongyu Group Co., Ltd. (SZSE:002622) entered into an agreement to acquire 30% stake in Guangzhou Delun Medical Investment Co., Ltd. from Zhuhai Happy Century Equity Investment Fund (Limited Partnership) for CNY 141 million on May 27, 2021. Under the terms Within 5 working days after the effective date of the acquisition agreement, Rongyu Group Co., Ltd. will pay 20% of the transaction price; within 5 working days after the completion of the transfer registration, Rongyu Group Co., Ltd. will pay 60% of the transaction price; within 20 working days after the completion of the transfer registration, Rongyu Group Co., Ltd. will pay 20% of the transaction price. In a related transaction Rongyu Group Co., Ltd. (SZSE:002622) entered into an agreement to acquire 21% stake in Guangzhou Delun Medical Investment Co., Ltd from Gongqingcheng Delun Medical Investment Management Partnership (Limited Partnership) for CNY 105 million. In December 31, 2021, Guangzhou Delun Medical Investment Co., Ltd. reported a total assets of CNY 247 million, total common equity of CNY 51.8 million, EBIT of CNY 306 million and negative net income of CNY 12.7 million. The transaction was approved by the Board of Directors of Rongyu Group Co., Ltd. On May 27, 2021, the 7th session of Rongyu Group Co., Ltd 5th directorate and the 2nd session of the Rongyu Group Co., Ltd supervisory board approved the major asset acquisition preliminary plan. On September 14, 2021, Happy Fund held its partner’s meeting, approved this transaction. On September 26, 2021, the target held its shareholders’ meeting, approving this transaction. On September 27, 2021, the 9th session of Rongyu Group Co., Ltd 5th directorate approved the major asset acquisition report.This transaction still needs to be approved by the Acquirer's shareholders’ meeting. Minmetals Securities Co.,Ltd acted as financial advisor, Jingtian & Gongcheng acted as legal advisor and Zhonghua Certified Public Accountants LLP acted as accountant to Rongyu Group Co., Ltd. in the deal. .