Shengshida Investment Co. signed Share Purchase Agreement to acquire 33.74% stake in Anhui Weiyu Medical Equipment Technology Co., Ltd. from Rongfeng Holding Group Co.,Ltd. (SZSE:000668) for CNY 277 million on February 18, 2023. The transaction was approved by 20th Meeting of the Rongfeng Holding Group Co., Ltd. 10th Directorate. It still needs approval from Rongfeng Holding Group Co., Ltd. Shareholders, the Second Approval of the Rongfeng Holding Group Co.,Ltd Directorate after the Target Assets’ Audit and Assessment Work and Other Necessary Approvals. This transaction was approved by Weiyu Medical’s shareholders’ meeting. Li Gaochao and Xu Xingjian of ZTF Securities Co., Ltd acted as financial advisor, Li Gaochao and Xu Xingjian of East & Concord Partners acted as legal advisor and Chen Gang and Zhang Jing of China Audit Asia Pacific Certified Public Accountants Co., Ltd. acted as accountant for Rongfeng Holding Group Co.,Ltd. (SZSE:000668).

Shengshida Investment Co. completed the acquisition of 33.74% stake in Anhui Weiyu Medical Equipment Technology Co., Ltd. from Rongfeng Holding Group Co.,Ltd. (SZSE:000668) on May 10, 2023.