China Medical (01931.HK) plans to acquire a 6.23% stake in Entrepreneur Smart Health (300451.SZ) for 500 million yuan.

The Zhitong Finance and Economics APP announced that Huajian Medical (01931.HK) has issued a public announcement. On November 12, 2025, the company (buyer) entered into a share transfer agreement and a first voting rights entrustment agreement with the seller. The company has conditionally agreed to acquire, and the seller has conditionally agreed to sell 96,525,100 shares of A shares of the target company Chanye Hui Kang (300451.SZ), equivalent to 6.23% of the total issued share capital of the target company on the date of this announcement. The price of the target shares in the acquisition is RMB 5.18 per share, with a total cost of RMB 500 million. Furthermore, the seller has agreed to entrust the voting rights attached to the part of the shares (a total of 155.8 million A shares) held by the target company since November 12, 2025. This represents 10.06% of the total issued share capital of the target company on the date of this announcement. In addition, the buyer has entered into a second voting rights entrustment agreement with private equity funds, agreeing to entrust the voting rights attached to a portion of the shares (40 million A shares) held by the target company starting from November 14, 2025. This represents 2.58% of the total issued share capital of the target company on the date of this announcement.