Tibet AIM Pharm. Inc announced that it signed subscription agreement with individual investor, Gao Fan to issue not less than 28,328,612 shares and more than 49,575,070 shares A ordinary shares with a par value of CNY 1 each at a price of CNY 7.06 per share for gross proceeds of not less than CNY 200,000,000 and not more than CNY 350,000,000 on April 6, 2021. After this issuance, Gao Fan still maintains the company's controlling shareholder and actual controller. The transaction is subject to lock-up period of 36 months. The transaction has been deliberated and approved at the 18th meeting of the 2nd directorate of the company. The resolution for the non-public issuance of shares is valid for 12 months from the date of deliberation and approval by the shareholders' meeting.