Tianjin Lisheng Pharmaceutical Co.,Ltd. (SZSE:002393) agreed to acquire 65% stake in Jiangxi Qingchun Kangyuan Pharmaceutical Co., Ltd. from Jiangxi Qingchun Kangyuan Group Co., Ltd. and Jiangxi Qingchun Kangyuan Chinese Medicine Co., Ltd. for approximately CNY 140 million on December 14, 2023. As of June 30, 2023, Jiangxi Qingchun Kangyuan Pharmaceutical Co., Ltd. generated total assets of CNY 237.07 million and net assets of CNY 52.4 million. The transaction is approved by board of directors of Tianjin Lisheng Pharmaceutical Co.,Ltd.