Haikou Xinyingyang Investment Partnership Enterprise (Limited Partnership) and Xi Chong agreed to acquire 14% stake in Buchang Health Industry (Zhejiang ) Co., Ltd. from Shandong Buchang Pharmaceuticals Co., Ltd. (SHSE:603858),Hu Cunchao, Li Hui, and Hu Cunchao for CNY 0 on September 6, 2023. The company will transfer 8.5% stake in Buchang Health to Haikou Xinyingyang Investment Partnership Enterprise, Hu Cunchao will transfer 1% stake in Buchang Health to Haikou Xinyingyang, Li Hui will transfer 0.5% stake in Buchang Health to Haikou Xinyingyang, Hu Cunchao will transfer 4% stake in Buchang Health to Xi Chong. Buchang Health Industry (Zhejiang ) Co., Ltd. reported total assets of CNY 0, and net assets of -0.19 million as on June 30, 2023.

Shandong Buchang Pharmaceuticals Co., Ltd. board of directors approved the transaction.