General Beidou Information Technology Co., Ltd. entered into an agreement to acquire Anhui Baytacare Health Data Co., Ltd. from Baytacare Pharmaceutical Co., Ltd. (SEHK:8197) for CNY 0.4 million on December 22, 2017. The consideration shall be payable to the designated bank account of Baytacare Pharmaceutical Co., Ltd. in accordance the written payment notice issued by Baytacare Pharmaceutical Co., Ltd. Upon completion, Anhui Baytacare Health Data Co., Ltd. shall become wholly owned subsidiary of General Beidou Information Technology Co., Ltd. Anhui Baytacare Health Data Co., Ltd. reported net liabilities of CNY 0.35 million for the period ended November 30, 2017. The Board of Directors of Baytacare Pharmaceutical Co., Ltd. is of the view that transaction is fair and reasonable and on normal commercial terms. Board considers it in the interest of Baytacare Pharmaceutical Co., Ltd. and it shareholders. The completion of transaction shall assist General Beidou Information Technology Co., Ltd. on the change of registration procedures with the relevant industry and commerce bureau in the People's Republic of China. Completion shall take place within thirty days after the execution of equity transfer agreement. General Beidou Information Technology Co., Ltd. cancelled the acquisition of Anhui Baytacare Health Data Co., Ltd. from Baytacare Pharmaceutical Co., Ltd. (SEHK:8197) on December 22, 2018.