Genesis Medtech Investment (HK) Limited intends to acquire remaining 30.4348% stake in Nantong Horcon Medical Technology Co.,Ltd. from Wenfeng Great World Chain Development Corporation for CNY 57.4 million.

Wenfeng Great World Chain Development Corporation is a China-based company, principally engaged in the chain operation of department stores, supermarkets and electrical appliance specialty retailing stores, among others. Through its shopping centers, the Company primarily distributes foods, general merchandises, apparels, gold, cosmetics, home appliances, among others. The Company mainly operates its businesses in Nantong, Jiangsu Province and Shanghai, China.