Yifeng Pharmacy Chain Co., Ltd. (SHSE:603939) agreed to acquire 5% stake in Jiuzhitang Co., Ltd. (SZSE:000989) from Li Zhenguo for CNY 430 million on April 23, 2022. under the terms Yifeng Pharmacy Chain Co., Ltd. will acquire 43.46 million shares for CNY 9.85 per share. Within 3 working days after the agreement signing, Yifeng Pharmacy Chain Co., Ltd will make a deposit of 5% of the transfer price. Within 3 working days from the completion of the transfer, the Company will pay the remaining amount. The transaction has been approved in the 9th Meeting of the Company's 4th Directorate, and does not need the Shareholders' Approval.