Yongxin Huarui Cultural Development Co., Ltd. won a bid to acquire 20.53% stake in Hangzhou TianMuShan Pharmaceutical Enterprise Co.,Ltd (SHSE:600671) from Zhejiang Qingfeng Original Culture Co., Ltd. for approximately CNY 450 million on September 18, 2020. Yongxin Huarui obtained the 25 million shares, accounting for 20.53% of the company’s total capital. On November 13, 2020, Yongxin Huarui received the auction execution ruling issued by the Intermediate People's Court of Suzhou City.