Tiansheng Pharmaceutical Group Co., Ltd. (SZSE:002872) entered into an agreement to acquire Chongqing Junyao Pharmaceutical Packing Products Co., Ltd. from Chen Yi and Feng Yi for CNY 0.23 million on September 18, 2017. Under the terms of the transaction, Chen Yi and Feng Yi will transfer 50% stake each. The transaction will be funded through self-owned funds. The transaction does not need approvals from the directorate and shareholders’ meeting of Tiansheng Pharmaceutical Group Co., Ltd.