Suzhou MedicalSystem Technology Co., Ltd. (SHSE:603990) signed letter of intent to acquire 80% stake in Suzhou Mebel Beauty Hospital Co., Ltd. and Changshu Ruili Mebel Hospital Co., Ltd. from Mebel Medical Beauty Group on May 6, 2021. Both parties to the agreement will submit to the relevant internal decision-making bodies for approval and then sign formal transaction documents based on the negotiation situation. As of March 31, 2021, Suzhou Mebel Beauty Hospital Co., Ltd. and Changshu Ruili Mebel Hospital Co., Ltd. has reported total assets of CNY 72.93 million and CNY 42.88 million while net assets of CNY 18.29 million and CNY 11.84 million respectively.