ShuYu Civilian Pharmacy Corp., Ltd. (SZSE:301017) agreed to acquire an unknown stake in 60% of Jinan Pingjiada Pharmacy Co., Ltd. and Liaoning Tasly Pharmacy Chain Co., Ltd. and its subsidiaries from Tianjin Tasly Pharmaceutical Commercial Co., Ltd. on March 31, 2023. The consideration will be paid in form of cash. The transaction is subject to signing of a formal agreement, and necessary decision-making and approval procedures. As of March 2023, Jinan Pingjiada Pharmacy Co., Ltd. and Liaoning Tasly Pharmacy Chain Co., Ltd. generated combined total assets of CNY 674.2 million and net assets of CNY 24.4 million. The transaction is approved by board of directors of Shuyu Civilian Pharmacy Corp., Ltd. and Tasly Pharmaceutical Group Co., Ltd. and shareholders of Tianjin Tasly Pharmaceutical Commercial Co., Ltd., Tasly Pharmaceutical Group Co., Ltd., Jinan Pingjiada Pharmacy Co., Ltd. and Liaoning Tasly Pharmacy Chain Co., Ltd. and is subject to approval by Anti-Monopoly Law Enforcement Agency and shareholders of ShuYu Civilian Pharmacy Corp., Ltd. and Tasly Pharmaceutical Group Co., Ltd.Dongxing Securities Corporation Limited acted as financial advisor, King & Wood Mallesons, China acted as legal advisor and Beijing Xinghua Certified Public Accountants acted as accountant to ShuYu Civilian Pharmacy Corp., Ltd.

ShuYu Civilian Pharmacy Corp., Ltd. (SZSE:301017) cancelled the acquisition of an unknown stake in Jinan Pingjiada Pharmacy Co., Ltd. and Liaoning Tasly Pharmacy Chain Co., Ltd. and its subsidiaries from Tianjin Tasly Pharmaceutical Commercial Co., Ltd. on December 28, 2023.