Gansu Longshenrongfa Pharmaceutical Industry Co.,Ltd (SZSE:300534) agreed to acquire 46% stake in Gansu Pu'an Pharmaceutical Co.,Ltd. from Gansu Province Farms Agribusiness Ref co Group Ltd. for approximately CNY 200 million on April 23, 2021. The company will hold 95% equity of Gansu Pu'an Pharmaceutical after this transaction. The transaction still needs to be reviewed and approved by the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission and subject to approval from shareholders of Gansu Longshenrongfa Pharmaceutical Industry Co.,Ltd. The deal is approved by board of Gansu Longshenrongfa Pharmaceutical Industry Co.,Ltd. on May 11, 2021.