Shanxi Qianyuan Pharmaceutical Group Co., Ltd.
Announcement on the Acquisition of Minority Equity in Subsidiary through Auction
The company and all members of the board of directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Important Content Reminder:
- On February 24, 2026, Shanxi Qianyuan Pharmaceutical Group Co., Ltd. (hereinafter referred to as "the Company") held the second meeting of the sixth board of directors, authorizing the management to use its own funds to jointly participate with Zhoushan Ronghao Trading Co., Ltd. (hereinafter referred to as "Zhoushan Ronghao") in the judicial auction of 40% equity held by Hailisheng Group Co., Ltd. in Zhejiang Qianyuan Hailisheng Pharmaceutical Co., Ltd. (hereinafter referred to as "Qianyuan Hailisheng"), with each party bidding for 20% of Qianyuan Hailisheng's equity.
- On February 25, 2026, according to the announcement information from the Ningbo Yinzhou District People's Court's Taobao judicial auction platform, the Company and Zhoushan Ronghao jointly won 40% equity in Qianyuan Hailisheng for 154.72 million yuan, increasing the Company's stake in Qianyuan Hailisheng to 80%.
- This transaction does not constitute a related party transaction and does not constitute a major asset restructuring.
- This transaction falls within the board of directors' review authority and does not require submission to the shareholders' meeting for review.
1. Transaction Overview
1.1 Basic Transaction Information
According to the announcement from the Ningbo Yinzhou District People's Court, a public auction for 40% of Qianyuan Hailisheng will be held from 10:00 on February 24, 2026, to 10:00 on February 25, 2026 (excluding any extensions) on the Taobao judicial auction platform (website: http://sf.taobao.com, account name: Ningbo Yinzhou District People's Court). The assessed value of the auction target is 177.303197 million yuan, with a starting price of 124.12 million yuan, a deposit of 20 million yuan, and a bidding increment of 600,000 yuan. On February 25, 2026, based on the public information from the Ningbo Yinzhou District People's Court's Taobao judicial auction platform, the Company and Zhoushan Ronghao jointly won 40% equity in Qianyuan Hailisheng held by Hailisheng Group Co., Ltd. for 154.72 million yuan, meaning the Company won 20% equity for 77.36 million yuan. The Company will pay the remaining transaction amount on time and handle the relevant industrial and commercial change registration and other related procedures as required.