Sanai Health Industry Group Company Limited entered into a memorandum of understanding to acquire a 51% stake in Hangzhou Greensky Biological Technology Company Limited from certain shareholders.

Sanai Health Industry Group Company Limited is an investment holding company principally engaged in the general trading business and pharmaceutical products business. The Company operates its business through three segments. The Pharmaceutical Products segment mainly engages in the development, manufacturing, marketing and sales of pharmaceutical products, sales of pharmaceutical related software and provision of consultancy services. The Finance Leasing segment mainly engages in the provision of finance leasing services. The Other General Trading segment engages in the distribution of fitness equipment, electric appliances and other goods for general trading.