Fangsheng Pharmaceutical announced that the company previously signed a “Project Repurchase Agreement” with Zhengfan Construction and others, and the repurchase price is expected to be no more than 200 million yuan. Recently, in order to ensure the smooth progress of subsequent repurchases, the parties intend to sign Supplementary Agreement 2 to adjust the repurchase method to “lease first, then buy back”. After completion and acceptance of the project, Jinfan Construction leased the entire project to Tengwangge Pharmaceutical. The lease period was 10 years. The repurchase was carried out in two phases, starting within one month after the first and second five-year lease terms expired, respectively. The company's board of directors has agreed to sign the supplementary agreement, and the other parties are carrying out the approval process.

Fangsheng Pharmaceutical announced that the company previously signed a “Project Repurchase Agreement” with Zhengfan Construction and others, and the repurchase price is expected to be no more than 200 million yuan. Recently, in order to ensure the smooth progress of subsequent repurchases, the parties intend to sign Supplementary Agreement 2 to adjust the repurchase method to “lease first, then buy back”. After completion and acceptance of the project, Jinfan Construction leased the entire project to Tengwangge Pharmaceutical. The lease period was 10 years. The repurchase was carried out in two phases, starting within one month after the first and second five-year lease terms expired, respectively. The company's board of directors has agreed to sign the supplementary agreement, and the other parties are carrying out the approval process.