Shaanxi Kanghui Pharmaceutical Co., Ltd. (SHSE:603139) entered into a share transfer agreement to acquire 51% stake in Shandong Youbang Biochemical Technology Co., Ltd. from Lai Xinsheng for CNY 32.6 million on September 23, 2020. Within 10 working days from the transfer completion date, Shaanxi Kanghui Pharmaceutical Co., Ltd. will pay the whole amount. After the transfer, Lai Xinsheng will still hold 49% and Shaanxi Kanghui Pharmaceutical will hold 51%. For the year ended December 31, 2019, Shandong Youbang Biochemical Technology Co., Ltd. reported total assets of CNY 40.79 million, net assets of CNY 25.86 million, revenues of CNY 0.96 million, net loss of CNY 7.91 million. The transaction has been approved in the 7th Meeting of Shaanxi Kanghui Pharmaceutical Co., Ltd.'s 4th Directorate held on September 23, 2020. Shaanxi Kanghui Pharmaceutical Co., Ltd. (SHSE:603139) completed the acquisition of 51% stake in Shandong Youbang Biochemical Technology Co., Ltd. from Lai Xinsheng on September 24, 2020.