Beauty Farm Medical and Health Industry Inc. (SEHK:2373) entered into an acquisition agreement of Hangzhou Yangongfang Beauty Co., Ltd. and Hangzhou Yanyibei Beauty Co., Ltd. and Hangzhou Shangcheng District Yantai Beauty Store for approximately RMB 8 million on August 20, 2023. Upon completion of the acquisition, the Group will hold 100% equity interest in the relevant project company for such business after restructuring, and the results of the Target Companies in Hangzhou will be consolidated into the consolidated financial statements of the Group.