Baiyunshan: Acquisition of 100% Equity of Zhejiang Pharmaceutical Industry Co., Ltd.

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Recently, Baiyunshan announced that on December 17, 2025, Guangzhou Baiyunshan Pharmaceutical Group Co., Ltd. (“the Company”)'s subsidiary, Guangzhou Pharmaceutical Co., Ltd. (“Guangzhou Pharma”), signed the “Equity Transaction Contract of Zhejiang Medical Industry Co., Ltd.” (“Equity Transaction Contract”) with Zhejiang Hisun Pharmaceutical Co., Ltd. (“Hisun Pharma”), as well as a “Supplementary Agreement to the Equity Transaction Contract.” Guangzhou Pharma acquired 100% equity of Zhejiang Medical Industry Co., Ltd. (“Zhejiang Medical” or “Target Company”) from Hisun Pharma through a public bidding process, with a transfer price of RMB 500.50 million.

As of now, Guangzhou Pharma has paid the full equity transfer amount to Hisun Pharma in accordance with the Equity Transaction Contract. Zhejiang Medical has completed the relevant business registration changes, and the equity transfer of the Target Company has been finalized. Guangzhou Pharma now holds 100% equity of Zhejiang Medical, which has been incorporated into Guangzhou Pharma’s consolidated financial statements. The entire equity transaction has been completed.

(Baiyunshan Announcement)

(Edited by: Yang Yan, Lin Chen)

Keywords: Healthcare

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