Shanghai Sanyou Medical Co., Ltd (SHSE:688085) acquired 55% stake in Shanghai Youhe Jicheng Medical Technology Co., Ltd. from Shanghai Boquan Equity Investment Management Co., Ltd. and Wuhu Boquan Qifei Equity Investment Partnership Enterprise (Limited Partnership) for CNY 30.5 million on December 31, 2023. A cash consideration of CNY 30.53 million will be paid by Shanghai Sanyou Medical Co., Ltd. As part of consideration, CNY 30.53 million is paid towards common equity of Shanghai Youhe Jicheng Medical Technology Co., Ltd.

The transaction has been approved by shareholders of Shanghai Sanyou Medical Co., Ltd.

Shanghai Sanyou Medical Co., Ltd (SHSE:688085) completed the acquisition of 55% stake in Shanghai Youhe Jicheng Medical Technology Co., Ltd. from Shanghai Boquan Equity Investment Management Co., Ltd. and Wuhu Boquan Qifei Equity Investment Partnership Enterprise (Limited Partnership) on December 31, 2023.