Truking Technology Limited (SZSE:300358) entered into a framework agreement to acquire remaining 49% stake in Truking Feiyun Pharmaceutical Equipment (Changsha) Co., Ltd from Ye Dajin and Ye Tiantian on July 9, 2022. Truking Technology Limited (SZSE:300358) entered into an agreement to acquire remaining 49% stake in Truking Feiyun Pharmaceutical Equipment (Changsha) Co., Ltd from Ye Dajin and Ye Tiantian for for CNY 47.5 million on September 22, 2022. Truking Technology will issue 3,536,857 new shares at CNY 13.43 per share as consideration. Ye Dajin will sell 26.19% stake and Ye Tiantian will sell 22.81% stake in Truking Feiyun Pharmaceutical Equipment (Changsha) Co. Truking Feiyun Pharmaceutical recorded toatl assets of CNY 71 million and net assets of CNY 34.84 million as of December 31, 2021. The board of directors of Truking Feiyun Pharmaceutical Equipment approved the transaction July 9, 2022 and is subject to Second Approval of the Company?s Directorate after the Truking Feiyun Pharmaceutical Equipment (Changsha) Co., Ltd. Assets? Audit and Assessment Work are Completed. The transaction is subject to Company?s Shareholders? Approval, Shenzhen Stock Exchange?s Approval, CSRC?s Approval and Other Necessary Approvals. As on September 22, 2022, Truking Technology Limited's directors approved the transaction. AS of November 1, 2022, Truking Technology held board of directors meeting in which reviewed and approved the (Revised Manuscript) and other proposals related to this transaction. On November 1, 2022, Ye Dajin and Ye Tiantian agreed to sign the ?Supplementary Agreement to the Performance Commitment Compensation Agreement? and other related documents. As of May 5, 2023, CSRC approved the transaction. Shenzhen Stock Exchange M&A and Reorganization Review Committee?s approved the transaction on March 27, 2023.

Sinolink Securities Co., Ltd. acted as independent financial advisor to Truking Technology Limited. Hunan Qiyuan Law Firm acted as legal advisor to Truking Technology Limited. Mazars Certified Public Accountants LLP acted as Accountant to Truking Technology.

Truking Technology Limited (SZSE:300358) completed the acquisition of remaining 49% stake in Truking Feiyun Pharmaceutical Equipment (Changsha) Co., Ltd from Ye Dajin and Ye Tiantian on May 15, 2023. As of July 26, 2023, The offer per share is modified from CNY 13.43 to CNY 13.33 for 3.563 million.