Zhonghong Pulin Medical Products Co., Ltd. signed Share Purchase Agreement to acquire 70% in Guilin HBM Health Protections, Inc. from group of shareholders for CNY 541 million.

Zhonghong Pulin Medical Products Co., Ltd. (SZSE:300981) signed Share Purchase Agreement to acquire 70% in Guilin HBM Health Protections, Inc. from Hu Zhiqiang, Guilin HBM Investment Holding Co., Ltd., Guilin HBM Enterprise Management Center (Limited Partnership), Guangxi Beibu Gulf Hourunde Fund Management Center (Limited Partnership), Shenzhen Capital Group Co., Ltd., Guangxi Guishen Hongtu Venture Capital Co., Ltd. and other shareholders for CNY 541 million on January 30, 2023. For the year ended, June 30, 2022, Guilin HBM Health Protections, Inc. total asset is CNY 578.39 million and net asset CNY212.43 million. The transaction was approved by Zhonghong Pulin Medical Products Co., Ltd. 17th Meeting 3rd Directorate and subject to the Shareholders?

Approval.