New milestone: Intended to sign a framework agreement for acquisition and intended to indirectly acquire 65% equity of Taiyuan Zhonghua Second Construction Hospital Co., Ltd.
New Milestone Announcement, the Company has signed a Framework Agreement on the Acquisition of Taiyuan Zhonghua Erjian Hospital Limited Company with Beijing New Milestone Health Industry Group Co., Ltd., intending to indirectly acquire 65% of the equity of Taiyuan Zhonghua Erjian Hospital Limited Company. The specific acquisition plan is as follows: the Company's controlling shareholder New Milestone Group and/or its controlled entity will establish a limited liability company, SPV, which will first acquire 65% of the equity of Erjian Hospital Company held by Beijing Hongci Medical Investment Management Co., Ltd. The Company and/or its subsidiaries will acquire 100% of SPV's equity and indirectly acquire 65% of the equity of Erjian Hospital Company. Erjian Hospital Company is the operating unit of Zhonghua Erjian Group Hospital, and the nature of operation of Erjian Hospital has been changed to profit-making with the approval of the Taiyuan Health Commission. The "Framework Agreement" signed this time is only a framework agreement for the acquisition of equity, belonging to the intention agreement of cooperation among parties. The acquisition still needs to undergo audits and assessments, and the signing of the formal equity transfer agreement and the implementation of the transaction require necessary decision-making and review procedures. There are still uncertainties as to whether the final transaction can be reached.
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