Suzhou Fengruida Optoelectronics Technology Co., Ltd. signed a share transfer agreement to acquire 8% stake in Jiangsu Nanfang Medical Co., Ltd. (SHSE:603880) from Li Ping for approximately CNY 140 million on June 8, 2023. As reported, Suzhou Fengruida Optoelectronics Technology Co. will acquire 23.4 million shares at a price of CNY 5.81 per share.

Suzhou Fengruida Optoelectronics Technology Co will pay CNY 50 million before June 9, 2023. Within 1 month from the transfer completion date, Suzhou Fengruida Optoelectronics Technology Co., Ltd. will pay CNY 30 million and remaining CNY 56 million will be paid within 2 months from the transfer completion date.