Topchoice Medical Investment Co., Inc. (SHSE:600763) and Zhejiang Cunji Women and Children's Hospital Co., Ltd. agreed to acquire Hangzhou Ruihong Sichuang Investment Co., Ltd. from Hangzhou Qinglian Investment Co., Ltd. and others on December 30, 2016. On January 3, 2017, share transfer agreement was signed. Zhejiang Cunji Women and Children's Hospital Co., Ltd. will acquire 55% stake from Hangzhou Qinglian Investment Co., Ltd. for CNY 17.34 million. The transaction has been approved by the Board of Directors of Topchoice Medical Investment Co., Inc. (SHSE:600763) on December 30, 2016 and by its shareholders on January 18, 2017. As of September 26, 2017, Zhejiang Cunji Women and Children's Hospital Co., Ltd. signed the cancellation agreement to the share transfer agreement with Hangzhou Qinglian Investment Co., Ltd. The signing of the cancellation agreement matter has been approved by Topchoice Medical Investment Co., Inc.'s 7th directorate in its 39th meeting and by Topchoice Medical Investment Co., Inc.'s 7th supervisory board in its 21st meeting. The matter is still subject to approval from Topchoice Medical Investment Co., Inc.'s shareholders. As of October 11, 2017, the shareholders of Topchoice Medical Investment Co., Inc. approved to sign the cancellation agreement.