Announcement on the Reduction of Registered Capital and Related Transactions of Invested Company
Hunan Hansen Pharmaceutical Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
The Company held its second meeting of the seventh Board of Directors on June 1, 2026, where it reviewed and approved the proposal on the reduction of registered capital and related transactions of the invested company. The specific circumstances are announced as follows:
Overview of Related Transactions
(1) Related Transaction Matters
On December 28, 2018, the Company signed the "Capital Increase Agreement for Changsha Sanyin Real Estate Development Co., Ltd." with other shareholders of Sanyin Real Estate, investing RMB 63.2 million in cash to hold a 15.80% equity stake. For details, please refer to the announcement disclosed by the Company on December 29, 2018, regarding the progress of using idle funds for risk investment (Announcement No.: 2018-064). According to the decision of the shareholders' meeting of Sanyin Real Estate, the registered capital will be reduced from RMB 400 million to RMB 10 million, with all shareholders proportionally reducing their capital contributions. The Company's subscribed capital will decrease from RMB 63.2 million to RMB 1.58 million, while maintaining a 15.80% equity stake.
(2) Explanation of Related Transactions
Mr. Liu Ling'an, the actual controller of the Company, serves as a director of Sanyin Real Estate, and Mr. Liu Bingyang, the vice chairman of the Company, serves as a supervisor of Sanyin Real Estate. According to the "Shenzhen Stock Exchange Stock Listing Rules" and other relevant regulations, Sanyin Real Estate is a related party of the Company, and this capital reduction constitutes a related transaction.
(3) Review Procedures
This related transaction has been reviewed and approved by the Company's second special meeting of independent directors in 2026 and the second meeting of the seventh Board of Directors, with related director Mr. Liu Bingyang abstaining from voting. This matter does not require submission to the shareholders' meeting for review.
(4) Other Explanations
This related transaction does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies," nor does it involve a restructuring listing, and does not require approval from relevant authorities.
Basic Information of Related Parties
(1) Basic Information
- Company Name: Changsha Sanyin Real Estate Development Co., Ltd.
- Unified Social Credit Code: 91430104MA4LN0EH7A
- Registered Address: Room 102, Block D, Kailin International Building, No. 53 Binjiang Road, Yuetang District, Changsha, Hunan Province
- Date of Establishment: May 11, 2017
- Registered Capital: RMB 400 million
- Legal Representative: Zhong Weihua
- Business Scope: Real estate development and management; property management. (Projects requiring approval must be conducted after approval from relevant departments)
- Major Financial Data for the Most Recent Year and Period (Unit: RMB 10,000)