Shaanxi Yuehetang Pharmaceutical Co., Ltd. agreed to acquire Jiangsu Puhua Kesheng Pharmaceutical Co., Ltd. from Ji Yao Holding Group Co., Ltd. for CNY 62 million.

Ji Yao Holding Group Co., Ltd., formerly Tong Hua Shuang Long Chemical Industry Co., LTD., is a China-based company principally engaged in the research, development, production and sales of drugs. The Company's main products include Zhitong Huazheng Jiaonang (analgesic capsules), Reduping Keli (granules for cold) and Tongluo Zhitong medicinal liquor. The Company is also involved in the production, manufacture and sale of fine chemicals. The Company distributes its products in the domestic market.