Kingworld Medicines Group Limited (SEHK:1110) entered into memorandum of understanding to acquire 60% stake in Chang De Shi Min Kang Pharmaceutical Chain Stores Limited Company from Kang Ming for CNY 30 million on July 22, 2013. The consideration shall not be less than CNY 30 million and shall be settled by way of cash, and/or shares to be allotted and issued by Kingworld and/or convertible bonds to be allotted and issued by Kingworld and/or other methods.

Kingworld Medicines Group Limited (SEHK:1110) cancelled the acquisition of 60% stake in Chang De Shi Min Kang Pharmaceutical Chain Stores Limited Company from Kang Ming on January 24, 2014.