Yunnan Hongxiang Yixintang Pharmaceutical Co., Ltd. (SZSE:002727) agreed to acquire 13 stores from Yunnan Sanming Xinjiang Pharmaceutical Co., Ltd. for CNY 44.12 million on May 6, 2016. Yunnan Hongxiang Yixintang Pharmaceutical Co will also acquire inventory of the 13 stores, wherein CNY 35.16 million will be used to for the store transfer fees and acquire its assets, and not more than CNY 8.96 million to acquire the store inventory. The transaction has been approved in the 7th Chief Executive Officer’s office meeting of 2016, and does not need the directorate’s approval.