Waiping Liu entered into share purchase agreement to acquire 16.2% stake in Biostar Pharmaceuticals, Inc. (NasdaqCM:BSPM) from Ronghua Wang for $0.67 million on June 2, 2018. According to the terms Waiping Li will acquire 0.42 million shares at $1.57 per share in Biostar Pharmaceuticals, Inc. The share purchase agreement contains customary representations, warranties and covenants by Waiping Li and Ronghua Wang. Waiping Li paid the consideration using personal funds. Waiping Liu cancelled the acquisition of 16.2% stake in Biostar Pharmaceuticals, Inc. (NasdaqCM:BSPM) from Ronghua Wang on June 2, 2019.