Double Medical Technology Inc. (SZSE:002901) agreed to acquire 51% stake in Beijing Ande Sikaopu Commerce and Trade Co., Ltd. from Pingdingshan Zhushun Enterprise Management Partnership Enterprise (Limited Partnership) and Wugang Donghong Hengsheng Enterprise Management Partnership Enterprise (Limited Partnership) for CNY 93.7 million on May 14, 2021. As of December 31, 2020, in Beijing Ande Sikaopu Commerce and Trade Co., Ltd. has reported total assets of CNY 30.56 million, net assets of CNY 18.65 million, revenue of CNY 17.41 million, operating profit of CNY 2.97 million and net profit of CNY 2.26 million. The Board of Directors of Double Medical Technology Inc. has approved the transaction and its shareholder;s approval is required.