SAPIS: Intends to acquire 100% equity of Shanghai Qinli with a proposed amount of 528 million yuan.

Sapphire Announcement: The company intends to acquire 100% equity of Shanghai Qinli held by the controlling shareholder Yuhua Industry and the concerted action person Yihua Medical for 528 million yuan in cash. After the completion of this transaction, the company will indirectly hold 100% equity of Shanghai Tianlun Hospital. The transaction aims to solve the issue of inter-industry competition with the actual controller and enhance the profit-making ability of the company's medical service sector. Tianlun Hospital, a wholly-owned subsidiary of Qinli, is a modern comprehensive hospital established in accordance with the standards of a general hospital, integrating medical, prevention, and health care, with complete departments and outstanding profit-making ability.