Jiangsu Kangmei New Materials Technology Company Limited agreed to acquire 5% stake in YanAn Bicon Pharmaceutical Listed Company (SZSE:002411) from Shanghai Cuizhu Equity Investment Management Center (Limited Partnership) and Zhou Xinji for CNY 730 million on January 4, 2019. Zhou Xinji will transfer 34.7 million shares, representing 2.27%% and Shanghai Cuizhu Equity Investment Management Center (Limited Partnership) will transfer 41.8 million shares, representing 2.73% of YanAn Bicon Pharmaceutical Listed Company. After the completion of this share transfer, Jiangsu Kangmei New Materials Technology Co., Ltd. will hold 76.6 million shares in YanAn Bicon Pharmaceutical Listed Company. Jiangsu Kangmei New Materials Technology Company Limited cancelled the acquisition of 5% stake in YanAn Bicon Pharmaceutical Listed Company (SZSE:002411) from Shanghai Cuizhu Equity Investment Management Center (Limited Partnership) and Zhou Xinji on January 4, 2020.