Shanghai Kindly Medical Instruments Co., Ltd. (SEHK:1501) signed an agreement to acquire additional 20% stake in Shanghai Pukon Medical Instruments Co., Ltd. from Jiang Xiannan for CNY 38.7 million on May 6, 2021. Post completion, Shanghai Kindly Medical Instruments stake in Shanghai Pukon will increase from 65% to 85%. For the year ending March 31, 2021, total asset and net asset of Shanghai Pukon was CNY 64 million and CNY 39.4 million respectively. The transaction was approved by the Board of Shanghai Kindly Medical Instruments at fourteenth meeting of the fourth Board of Directors on May 6, 2021.

Shanghai Kindly Medical Instruments Co., Ltd. (SEHK:1501) completed the acquisition of additional 20% stake in Shanghai Pukon Medical Instruments Co., Ltd. from Jiang Xiannan on May 27, 2021.