Jiu'an Medical Suspension Plan for Major Asset Restructuring

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Jiu'an Medical

Jiu'an Medical announced on Sunday that the company is planning to raise funds for non-public offering of shares for asset acquisition. The acquisition amount is relatively large and constitutes a major asset restructuring. The company's shares will be suspended from trading on the morning of June 20, 2016 (Monday). The suspension period shall not exceed one month. After the above matters are confirmed, the company will disclose the relevant announcements as soon as possible and resume trading.

The announcement shows that Jiu'an Medical's asset restructuring involves the purchase of assets not exceeding RMB 800 million. The target company belongs to the mobile medical industry. The company intends to hire Essence Securities Co., Ltd. as the intermediary for this non-public offering.

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