Shangluo Transportation Investment Construction Co., Ltd. singed an Equity Transfer Framework Agreement to acquire a 99% stake in Shangluo International Medical Center Hospital Co., Ltd. from Xi'an International Medical Investment Company Limited (SZSE:000516) on March 7, 2022. Shangluo Transportation Investment Construction Co., Ltd. singed an Equity Transfer Contract to acquire a 99% stake in Shangluo International Medical Center Hospital Co., Ltd. from Xi'an International Medical Investment Company Limited (SZSE:000516) for CNY 170 million on October 21, 2022. Under the terms, Shangluo Transportation Investment will pay CNY 20 million within 10 working days from the effective date of this agreement, as the deposit for this transaction.

Post completion, Xi'an International Medical Investment will cease to have any stake in Shangluo International Medical. For the year ended December 31, 2021, Shangluo International Medical reported Total Assets of CNY 1.84 billion, Owner's Equity of CNY 316.3 million and Revenue of CNY 126.02 million.