Yifeng Pharmacy Chain Co.Ltd(603939) : acquisition of 51% equity of Hunan Jiuzhitang Co.Ltd(000989) Pharmaceutical Co., Ltd

Yifeng Pharmacy Chain Co.Ltd(603939) (SH Yifeng Pharmacy Chain Co.Ltd(603939) , closing price: 35.2 yuan) announced on April 24 that on April 23, 2022, the ninth meeting of the Fourth Board of directors and the ninth meeting of the Fourth Board of supervisors held by the company considered and adopted the proposal on acquiring 51% shares of Hunan Jiuzhitang Co.Ltd(000989) Pharmaceutical Co., Ltd. The company will purchase 51% equity of Hunan Jiuzhitang Co.Ltd(000989) Pharmaceutical Co., Ltd. at a transaction price of 204 million yuan.

From January to June 2021, Yifeng Pharmacy Chain Co.Ltd(603939) the composition of operating revenue is: pharmaceutical retail accounts for 91.84% and pharmaceutical wholesale accounts for 28.3%.

the president and chairman of Yifeng Pharmacy Chain Co.Ltd(603939) are Gao Yi, male, 54 years old, with a master's degree background.

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