Hygeia Healthcare Holdings Co., Limited (SEHK:6078) entered into a non-legally binding letter of intent to acquire 70% stake in Class IIA General Hospital in China on December 12, 2022. As per terms of agreement, Hygeia Healthcare Holdings shall have the exclusive right to negotiate with seller on the Possible Acquisition, and seller shall not and shall procure that Class IIA General Hospital will not, directly or indirectly, negotiate or enter into any agreement with any other third party in relation to the capital increase of Class IIA General Hospital or the sale or disposal of the equity interest in Class IIA General Hospital held by seller. During the one hundred and eighty days period from the date of letter of intent, Hygeia Healthcare Holdings and seller shall have the exclusive right to negotiate.

The consideration and the payment terms shall be further negotiated.