Shanghai Haiyuan Investment Co., Ltd. and Shanghai Leyuan Asset Management Co. Limited agreed to acquire 39.7% in Shangying Hospital Management (Shanghai) Co., Ltd. from Shangying Global Co., Ltd. (SHSE:600146) for CNY 5.8 million on May 7, 2020. As per terms, Shanghai Leyuan Asset Management Co. Limited will acquire 24.7% stake for CNY 3.5 million and Shanghai Haiyuan Investment Co., Ltd. will acquire 15% for CNY 2.3 million. For the year ended December 31, 2019, Shangying Hospital Management (Shanghai) Co., Ltd. reported total assets of CNY 6.5 million, revenues of CNY 0.13 million, net loss of CNY 7.2 million and net liabilities of CNY 7 million. The transaction is not subject to approval from shareholders. The Board of Directors of Shangying Global Co., Ltd. approved the transaction on May 6, 2020.