Guangdong Jiaying Pharmaceutical Co., Ltd (SZSE:002198) signed an equity transfer agreement to acquire 45% stake in Guangdong Huaqingyuan Bio-Technology Co., Ltd. from Ling Fengqing for CNY 6.8 million in cash on December 30, 2013. Guangdong Jiaying Pharmaceutical will pay the consideration within 15 working days from the signing of the agreement. The Board of Directors of Guangdong Jiaying Pharmaceutical approved the transaction.