IVD Medical Holding Limited agreed to acquire remaining 60% stake in Vastec Medical Ltd from Huatuo International Development Co., Ltd. for CNY 1.2 billion on January 9, 2019. On January 25, 2019, shares purchase and sale agreement was signed. IVD Medical Holding Limited shall pay CNY 822.6 million in stocks (CNY 25.44 per share) and remaining CNY 411.3 million in CNY or equivalent USD (exchange rate shall be based on the exchange rate published by the People's Bank of China one working day before the actual payment date). Pre-acquisition, IVD Medical Holding Limited holds 40% stake in Vastec Medical Ltd and will hold 100% stake in Vastec Medical after completion of the transaction. Vastec Medical reported total assets of CNY 1.04 billion and net assets of CNY 728.1 million as of August 31, 2018. Transaction is subject to approval of the shareholder and has been approved by the Board of Shinva Medical Instrument Co., Ltd. (SHSE:600587). On January 25, 2019, the transaction was approved by the shareholders of Shinva Medical Instrument Co., Ltd.