Zhaoxin Liaowang No. 1 Private Securities Investment Fund managed by Jiangsu Zhaoxin Private Fund Management Co., Ltd. entered into a share transfer agreement to acquire 6.19% stake in Zhejiang Tianyu Pharmaceutical Co., Ltd. (SZSE:300702) from Ganzhou Zhenhan Venture Capital Co., Ltd. for CNY 310 million on March 19, 2024. Within 1 month the buyer will pay CNY 5 million as the first installment for the share transfer price and within 36 months after the target shares have been transferred the buyer shall pay for the remaining balance of the share transfer price.

The agreement still requires the compliance review of the Shenzhen Stock Exchange and the processing of the share transfer procedures in China Securities Depository and Clearing Corporation Limited Shenzhen branch.