Jiangsu Kangmei New Materials Technology Company Limited agreed to acquire 5% stake in YanAn Bicon Pharmaceutical Listed Company (SZSE:002411) from Shanghai Cuizhu Equity Investment Management Center (Limited Partnership) and Zhou Xinji for CNY 730 million on January 4, 2019. Zhou Xinji will transfer 34.7 million shares, representing 2.27%% and Shanghai Cuizhu Equity Investment Management Center (Limited Partnership) will transfer 41.8 million shares, representing 2.73% of YanAn Bicon Pharmaceutical Listed Company. After the completion of this share transfer, Jiangsu Kangmei New Materials Technology Co., Ltd. will hold 76.6 million shares in YanAn Bicon Pharmaceutical Listed Company.