Mianyang Haoxiang Holdings Co., Ltd agreed to acquire a 7.63% stake in Suzhou MedicalSystem Technology Co., Ltd. (SHSE:603990) from Weng Kang, Yan Huanghong, Wang Jianhua and Fu Hong for approximately CNY 340 million on May 23, 2022. Under the terms, Mianyang Haoxiang Holdings Co., Ltd will acquire 12,631,936 shares at a price of CNY 26.6 per share, representing 7.63% stake in Suzhou MedicalSystem. Weng Kang will sell 3.30% stake representing 5,468,190 shares, Yan Huanghong will sell 3.37% stake representing 5,569,798 shares, Wang Jianhua will sell 0.60% stake representing 993,216 shares, Fu Hong will sell 0.36% stake representing 600,732 shares in Suzhou MedicalSystem. As of May 25, 2022, the transaction has been approved by the State-owned Assets Supervision and Administration Commission of Mianyang on May 20, 2022.