Hangzhou Cherish-Yearn Pension Service Co., Ltd. agreed to acquire Hangzhou Cherish-Yearn Resort Hotel Co., Ltd. from Yihua Healthcare Co., Ltd. (SZSE:000150) on July 8, 2021. As of May 31, 2021, Hangzhou Cherish-Yearn Resort Hotel Co., Ltd. recorded total assets of CNY 0.006 million and net assets at a loss of CNY 0.099 million.