Shanghai Xinzhao Enterprise Management Co., Ltd. agreed to acquire 51% stake Shanghai Yinghua Hospital Management Co., Ltd from Huasu Holdings Co.,Ltd (SZSE:000509) for CNY 21.5 million on September 8, 2022. Huasu Holdings board approved the transaction. As of December 31, 2022, the vendor has received its first payment of CNY 10.8 million.

As of January 10, 2023, During the process of change of industrial and commercial affairs at the Shanghai Changning District Government Affairs Service Center. After being inquired by the staff of the Shanghai Changning District Government Affairs Service Center, it was informed that sell of Huasu Holdings?s 51% stake Shanghai Yinghua Hospital Management Co., Ltd  was frozen by the Shanghai Municipal Public Security Bureau, and the business information cannot be changed temporarily. As on March 10, 2023, Shanghai Xinzhao Enterprise Management Co., Ltd. and Shanghai Yinghua Hospital agreed that Within [two months] from the date of signing this agreement, shall pay 40% of the transaction price, that is, CNY 8.62 million and the remaining amount of CNY 1.94 million shall be paid within [ten] days from the date complete the registration procedures for the change of the subject equity.