Nanjing Jiuzhou Xingji New Materials Co., Ltd. agreed to acquire Jiuzhou Xingi Technology Co., Ltd. from YanAn Bicon Pharmaceutical Listed Company (SZSE:002411) for CNY 2.1 billion on November 23, 2022. As on June 30, 2022 Jiuzhou Xingi Technology Co., Ltd. reported Total Assets and Net assets are approximately CNY 1.5 Billion and approximately CNY 1.36 billion. Deal is approved in the 43rd Meeting of the YanAn Bicon Pharmaceutical Listed Company's 5th Directorate held on November 23, 2022, and is subject to the Shareholders' Approval.

Nanjing Jiuzhou Xingji New Materials Co., Ltd. completed the acquisition of Jiuzhou Xingi Technology Co., Ltd. from YanAn Bicon Pharmaceutical Listed Company (SZSE:002411) on December 15, 2022. As of December 13, 2022, the transaction is approved by share holders of YanAn Bicon Pharmaceutical Listed Company.