Shanghai Tonghui Medical Management Co., Ltd. signed a share transfer agreement to acquire 5.43% stake in Zhejiang Shapuaisi Pharmaceutical Co.,Ltd. (SHSE:603168) from Chen Dekang for approximately CNY 400 million on May 6, 2021. As reported, Chen Dekang will transfer 17.5 million shares in Zhejiang Shapuaisi Pharmaceutical Co.,Ltd. Shanghai Tonghui Medical Management Co. will pay the first share transfer price of CNY 150 million within 5 working days from the date of signing the agreement, the second share transfer price of CNY 166.4 million will be paid within 5 working days from the date when both parties obtain the share transfer review and confirmation opinions issued by the Shanghai Stock Exchange on the share transfer and the remaining equity transfer price of CNY 80 million shall be paid within 5 working days from the date when the underlying shares are fully transferred to the name of Shanghai Tonghui Medical Management Co.