Tailong Pharmaceutical announced that the controlling shareholder of the company, Zhengzhou Tailong Industrial Investment Co., Ltd., and Zhengzhou Zhongsheng Industrial Group Co., Ltd., which holds more than 5% of the shares, signed a “Share Transfer Agreement”. Tailong Industrial Investment transferred its 50.1 million shares to Jiangyao Holdings in two installments at a price of 11.04 yuan/share, with a total price of 553 million yuan. The first delivery volume was 42.3 million shares, and the second delivery volume was 7.8 million shares. In addition, the company signed a “Conditional Share Subscription Agreement” with Jiangyao Holdings. Jiangyao Holdings plans to fully subscribe in cash for no more than 74.652 million shares issued to it by the company.

Tailong Pharmaceutical announced that the controlling shareholder of the company, Zhengzhou Tailong Industrial Investment Co., Ltd., and Zhengzhou Zhongsheng Industrial Group Co., Ltd., which holds more than 5% of the shares, signed a “Share Transfer Agreement”. Tailong Industrial Investment transferred its 50.1 million shares to Jiangyao Holdings in two installments at a price of 11.04 yuan/share, with a total price of 553 million yuan. The first delivery volume was 42.3 million shares, and the second delivery volume was 7.8 million shares. In addition, the company signed a “Conditional Share Subscription Agreement” with Jiangyao Holdings. Jiangyao Holdings plans to fully subscribe in cash for no more than 74.652 million shares issued to it by the company.